Single Home Buyers
Taking on the challenges of home ownership and maintenance can be challenging enough for two people - here are some great insights for people looking to go it alone.
Why the upward trend in single home buyers?
Real estate remains one of the most secure financial
investments. Coupled with the tax advantages of home
ownership and the fact that people are staying single
longer, this trend has no reason to slow.
Are single home buyers different?
Single buyers need to consider all the same things that
couples consider, plus a few more. The biggest consideration
for a single buyer is on re-sale value. Few single
buyers stay in the homes they buy, for very long. Job
transfers, and matrimony often require relocation.
For this reason single buyers must consider not only their needs, plus the sale-ability of the home. For example, that one bedroom bungalow on a busy street may be perfect for you, but those characteristics of a home make the home much more difficult to sell down the road.
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