What Type of Home Is Best For You? A Starter of Forever Home?

January 14, 2022

Deciding when and what kind of home to buy can be a very difficult decision. There are many different routes you can go for your first home like buying an older "starter" home you can fix-up or saving for a few years to buy your forever home.

Starter homes are perfect for young professionals with a little money set aside. They allow you to spend less money up-front with big rewards if you take the time to update before selling.

  • Best for young professionals looking to build equity in a home for 3-5 years.
  • Typically a lower price point with smaller taxes.
  • Usually need a little work to update the home.

For people or families looking to settle down long-term and join a community a forever home might be a better choice. However, you may need to spend a few years more saving money because a forever home will likely come with a higher price tag.

  • Best for people of families looking to settle down and join a community.
  • Usually have a steep price tag and higher upkeep cost.
  • You're able to customize a home to your liking.