If you’re planning to invest in your first home as a single person, here are three tips for being solo and secure when starting your journey.
- Financial Preparedness: Establish a clear budget and financial plan to determine what you can comfortably afford on your own, factoring in not just the mortgage but also additional costs like property taxes, insurance and maintenance.
- Research and Patience: Take the time to research neighborhoods, market trends and potential properties. Be patient and don’t rush into a decision — finding the right-sized home is a process that requires careful consideration.
- Professional Guidance: Seek the assistance of a trusted real estate agent and consult with a mortgage advisor: Their expertise can provide valuable insights, help you navigate the complex process and make informed decisions tailored to your needs.