Think Home Ownership Is Just For The Married? Take A Look At The Different Groups Of People Who Are Buying Homes Together

When it comes to buying homes, it used to be that it was married couples making the purchases. After all, tradition held that once two people got married, they went and bought a home. However, the world is changing, and so are the conditions in which people buy homes. Today, it's not just married couples who are going out and buying homes together. The ever-evolving mortgage world is seeing many different people come together to make real estate purchases, and for many different reasons. If you're ready to buy a home, but you don't fit in the married couple group, take a look at the groups below. You might find that you're closer to owning a home than you thought you were.

Parents and Adult Children

It used to be that parents bought homes to raise their children in. Once the kids grew up, they got married, moved out, and bought their own homes. While that still happens, an ever-growing group parents and adult children purchase homes together. Not only does this make sound financial sense, it also makes sense when you consider family dynamics. When parents reach a certain age, their adult kids usually move them home to provide them with the care they need in their advancing years. When parents and adult children purchase a home together, there are no additional housing arrangements to make.

Non-Married Couples

There was a time when it would have been unheard of for non-married couples to purchase homes together. However, that time has passed. Today, more couples are delaying marriage, or foregoing it altogether. That doesn't mean they should be done out of the dream of owning a home together; and it doesn't. Many non-married couples are purchasing homes together, and enjoying a part of the American dream.

Multiple Families

With the price of real estate going up, it can be difficult to afford a home that's large enough for a growing family. That's why multiple families are joining together to purchase larger homes. By joining multiple families together, people are finding that they afford larger homes, while paying lower mortgage payments. That's because the housing-related bills are divided by more than one family, which reduces the financial burden.

Groups of Friends

Friends used to get together and plan parties, or adventurous vacations. Today, friends are coming together to purchase real estate; whether as an investment or to pool resources. Purchasing a home with friends makes more sense than renting a home together, since you'll all enjoy the tax benefits that come from home ownership. Not to mention the fact that mortgage payments are often much less than your typical rent for similar homes.

If you're ready to buy a single family home, but you don't fit into the married category, sit down and talk to a real estate agent. You don't need to be married to purchase a home.

About Me

Buying the Vacation Home of Your Dreams

Do you absolutely adore going on fun trips with your family? Perhaps, you and the ones you love the most travel to the same beautiful location multiple times each year. If this scenario sounds familiar, you might desperately wish to buy a vacation home in your favorite beach or mountain town. To help you accomplish this meaningful task, consider hiring a dependable real estate agent in your part of the country. Working with a real estate agent is especially important when you’re purchasing property in an area you don’t live close to. A real estate agent can sometimes find out about promising listings before the general public can. On this blog, I hope you will discover the valuable ways a real estate agent can turn your dreams of vacation home ownership into a reality. Enjoy!



Latest Posts

8 April 2021
When you are ready to rent a new apartment, how can you find the right one? Many people do not even know where to start looking to find apartment list

22 March 2021
Buying a home is an exciting process. but it does not need to stress you out with all the decisions, contracts, and loan applications you will encount

8 March 2021
Purchasing a costly asset, like a home, is never an easy process, but it is a rewarding event. Buying a house is a goal that many people have, yet you