If you’re a millennial with home buying aspirations, owning your first is a milestone that’s likely on your radar these days. And although making the move from renting to buying can seem overwhelming and intimidating, the truth is, a little bit of insight can go a long way. Our 5 tips for millennial home buyers are the key to conquering all of your home buying fears and finding a place to (finally) call your own. They say knowledge is power, right?

#1: Don’t rush it

This probably goes without saying…but buying a house is a major milestone in your life, and it’s a decision you should make responsibly. Why rush into something before you’re truly ready? On the other hand, you also shouldn’t be afraid to buy a home when you’re ready and capable. The bottom line? It’s all about finding the right balance for you and your lifestyle.

#2: Start saving

One of the best financial moves you can make is to pay down your debts while increasing your savings at the same time — whether you’re buying a house or not. Easier said than done, we know. But the reality is, several financial factors can impact your ability to buy a home, including your credit score. By managing your debts and proactively saving for a down payment, you’ll be in a better position when the time comes to make an offer.

#3: Get real

Who doesn’t dream of their perfect home? Unfortunately, not all of us can afford that million-dollar dream home — or even any home above a certain budget. As you consider buying your first home, staying grounded is more important than ever. Our advice? Create a good, old-fashioned list that separates your must-haves from your bucket list items. This technique helps you manage your expectations while ensuring you find a home that meets your needs. Keep in mind that buying a house does not need to be a one-time experience. Buying a house now that you can responsibly afford can set you on your next step to one day owning your dream home.

#4: Master your market

Before you begin your home search, it’s not a bad idea to learn about the market landscape — and for that matter, real estate transactions in general. For instance, many first-time homebuyers aren’t aware of the closing costs they might be responsible for. By learning about these small but important details, you’ll be more informed during your search and better prepared to enter into a contract with confidence.

#5: Find a Realtor you can count on

Buying a home is always a stressful, complex process — especially when it’s your first. No need to make things even tougher on yourself by neglecting to find a trusted advisor who knows the ins and outs of the industry and market. At the end of the day, a Realtor’s job is to ensure you not only get the best deal when buying a house, but that you’re completely satisfied with the process from start to finish.

Ready to make moves? The Jenn Smira Team is here to help with any of your home buying (or selling needs). Get in touch with us below to start your journey today!