Annapolis Singles and Maryland Singles Thinking of Homebuying: Do you remember when you bought your first couch? Or are you still waiting? For many, buying a couch is such a sign of being an adult, it’s a big deal. When you did buy one, odds are it provided a nice place to relax in your first home away from home. The place where you could do what you wanted, when you wanted, unsupervised!
What about owning the home?
The Contractors way things used to be, or at least the way Hollywood tells us, you would finish school, get married, buy a house, buy a car, buy life insurance, have kids, live happily ever after. That’s not the way it is any more! Collect (And maybe it never really was!) Lots of people are single and living on their own – in fact, in America today, there are now more households consisting of single people living solo than of households comprised of mom, dad, and kids.
Yet many single folks are waiting before investing in real estate – waiting to see how life will shape up – waiting to see how finances will turn out – waiting to see how their current job will work out – waiting for “the one” to show up – putting off lots of things until that day arrives when everything will be clear.
Did you wait to buy a car? Did you wait to set up an IRA or 401k? Are you waiting to invest in real estate? Or is a For single friend of yours waiting?
Putting things off means missing the boat on the real estate investment opportunity now – the opportunity to build equity and establish financial security, the opportunity to control your home environment and design it exactly the way you want it, the opportunity to entertain your friends and family in your dream home, the opportunity to buy in a buyers’ market and choose from lots of inventory and make a great deal. Do you really need to wait?
These days, not so many people are Market missing the boat – we’re seeing a lot more singles buying homes – they are getting roommates, or mothers and daughters or single parents are buying together. They are buying rental properties, and learning to manage them well.
Many renters, who are now living in expensive Annapolis apartments such as those at 1901 West and Spa Cove, could easily become homeowners. One of my single clients recently invested in a condo in Riva Trace, and his new payments are barely more than his rent had been – plus he was able to move out of his apartment at Archstone Annapolis Bay off Forest Drive, and leave his landlord behind. I just love helping Bowl people discover how easy and fun it is to own their own homes.
For those who are ready to take the next step, attend our free Homebuying Workshop for Singles on Tuesday, August 12th. Please join me then, or get in touch today.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland