STARTER HOME: WHAT IS IT AND HOW CAN YOU AFFORD ONE?

Buying a home is often viewed as a sign that someone has entered adulthood and is ready to begin their financial future.

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Someone’s first home is often referred to as a starter home – also known as an entry-level home.

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It is the first home that someone buys and lives in. Starter homes are meant to be purchased by first-time homebuyers.

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Challenges of Buying a Starter Home

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What Is a Good Size for a Starter Home?

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Get the Timing Right

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STARTER HOME: WHAT IS IT AND HOW CAN YOU AFFORD ONE?

Buying a home is often viewed as a sign that someone has entered adulthood and is ready to begin their financial future.

Someone’s first home is often referred to as a starter home – also known as an entry-level home.

It is the first home that someone buys and lives in. Starter homes are meant to be purchased by first-time homebuyers.

What Is a Starter Home?

Challenges of Buying a Starter Home

The immediate aftermath of remote work caused a massive spike in home prices, making homes much more expensive almost everywhere in the country.

What Is a Good Size for a Starter Home?

There is no set size if you want to buy a starter home, which ultimately depends on various factors, including housing prices, what your real estate agent can find, and what you can afford.

Get the Timing Right

What financial sacrifices are you willing to make to maintain your home ownership? Are your finances stable enough to support home ownership?

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