The traditional home ownership landscape has changed. A new and sophisticated group of home buyers have increased in percentage in recent years, and they are single women. In fact, single women are buying homes at twice the rate of single men.
If you are ready and desire to buy a home of your own, talk to friends, relatives and co-workers before taking the plunge. At this point in your life you may need more space, less space or may want to live closer to your work, friends, or family members. Whatever your particular needs are, there’s surely a home that will fit your needs. Owning your home is the best long-term purchase you will make.
Whether your decision to purchase a home is a financial or emotional one, there are important steps to take to find the right home for you.
Be an Aggressive Finance Shopper
You’ve given purchasing a home some consideration and are now ready to start looking. It’s very important to know how much house you can afford before you begin your home search in earnest. Talk to a few mortgage lenders. The mortgage lender will review your information and qualify you for a loan amount. Don’t just use your friend’s recommendations, be savvy and shop around. Compare several mortgage lenders, ask questions and have them explain all of the options available to you. Compare rates, information and chose the best fit for you.
Be Realistic About Your Budget
In addition to the mortgage approval amount, you should consider what your monthly payments, property taxes, and insurance costs will be. Additional costs such as home maintenance and property upkeep should be taken into account as well. Because you are depending on your income to pay all of your expenses, you don’t want to over extend yourself.
Be realistic about your budget and stick to it. Don’t buy a property beyond your means. Remember it is possible to get a nice home within your budget, even if you have to make some compromises.
Single Women’s Home Preferences
Single women, from professionals to single mothers, share similar home trends. Based on market research, here are some home preferences that the average single woman is looking for:
Prefer two bedrooms or more
Will compromise size and cost to get desired amenities
Smaller spaces are acceptable
Want safe neighborhoods
Strong community feel
In close proximity to friends, family, stores, shopping, and fitness centers
Make a List
Determine which features are most important to you and write them down. Make a list and rank your preferences by importance.
Are you more comfortable in a condo where the common areas are taken care of by the association and your only responsibility is the inside of the unit? Or a house may be a better fit, even though it will require more upkeep than a condo.
Find a Real Estate Agent
A real estate agent can be a great asset in your search for a home. Ask for referrals from friends, family members and even other real estate professionals. Search online for real estate agents and attend some open houses at which time you can speak with the agent showing the house. You should feel comfortable working with your real estate agent, and your agent should be available when you need assistance. Your agent should also return your calls, text and answer your emails within a reasonable amount of time.
Although the home buying process can be a bit stressful and at times may even seem like a scary endeavor, remember that it can also be a learning experience and dare I say a fun one. And if you’ve longed to have a space of your own to decorate, cook, clean (or not) and entertain, stay the course and you will most definitely find your dream home. Owning a house will be your reason to rush home!
I am a Native Stamford resident offering you the service you deserve!
Born and raised in Stamford, I provide my buyer clients with in-depth market knowledge. My seller clients enjoy both traditional and practical marketing knowledge which helps them achieve the ultimate goal - a sale!
For buyers, my in-depth research and analysis is available to you as a resource during the home buying process. No stone is left unturned for your transaction. "For Buyers, whether it's the first, second or third home, my role is to provide guidance and counsel to make sure that the transaction is handled with ease".
"For Sellers, my number one goal is to get your home sold for the most money and in the quickest amount of time. In both cases, while catering to your needs I manage the transaction with the least amount of stress for you.
When selling or buying your first or next home, let me be your professional resource. Call today and allow me to give you the service you deserve!
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""Kimberly was incredibly patient during our home search. Attentive isn't a strong enough word to describe her. She responded so quickly to every request and question. Accommodated our schedules for viewings, even including associates when she absolutely couldn't be there, just so we could see homes right away. She eventually even negotiated our deal while on a brief vacation - never missing a text, email etc. At walk through she took copious notes and handed them off to me. At closing she handled everything. I can't reccomend her enough.""