First home? Place of residence?
Whether you are sharing a place with a domestic partner, buying your first white picket fence or moving into a 500 square foot studio apartment in downtown Manhattan with your cat (…we don’t judge) getting your first place can be daunting.
Your home, for you.
Home Goal Planning:
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Dream it.
Where do you see yourself living? Does it involve a large yard, a pool perhaps? Think about how your additional wants contribute to the cost of maintenance, insurance and time.
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Define it.
Start thinking about your home money goals. How much will it cost you? Do you have the right number to include mortgage, savings for emergencies, closing costs and the cost of furnishing and insurance?
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Grow it.
Once you define your goal, you have to stick to a plan. You may not need to give up avocado toasts to reach your dreams…but the aggregate of savings (however way you decide to) needs to be consistent and enough to reach your savings goals.
Change of Gender Roles in homeownership
Where are you?