Millennials believe that it’s easier to rent because they are changing jobs more frequently, getting married later and having children later. They are also living at home longer because of their high college debt. If you’re a Millennial, you should know that buying a home is good idea… building one is an even better idea.
You don’t need to live with someone else’s style or problems. You can build a home for about the same amount of money. You can choose the floor plan right for you and personalize the home with your style. A new home is much more energy efficient. You don’t have to worry about renovations. You don’t get all of that with a resale home.
Most Millennials would rather buy than rent, but are nervous about the large financial investment. Good credit, saving for a down payment and having the right debt-to-income ratio along with school loans are real concerns. You probably feel that you won’t qualify. Many times, it’s more affordable than you may think. Connecting with the right mortgage broker that will spend the time with you explaining the process is very important.
Once you have a plan and understand all the benefits, as well as tax savings, it’s much more beneficial than renting. There are many programs out there to help. You just need to take the time to investigate. There are down payment assistance programs that can help with down payments, closing costs, down payment grants, low-interest loans and more.
Building a new home is freedom to choose a new home that’s just right for you. Don’t wait any longer. Contact Ameri-Star Homes today and see how you can become a homeowner.