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Article #137: More Singles Are Buying Homes

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It used to be that both men and women dollars going into someone elses pockets
waited to become first-time homebuyers with nothing to show for it. They dislike
until they married. They rented or lived not being able to decorate as they wish
at home with parents until Mr. or Ms. or sharing space with roommates.
Right was found. For some locations and personal
Today, according to the National situations, however, renting may be the
Association of Realtors, one in every best and cheapest alternative. You do not
four home real estate purchases are made pay for repairs, maintenance or property
by singles, with single women taxes. You have more flexibility to move
outnumbering the men by two-to-one. The when you wish, without being concerned
cause is thought to be that many single with first selling your real estate. So,
men in their 20s or early 30s continue to if you are considering buying residential
live with their parents until marriage, real estate, compare your options
while single women are more apt to move carefully before making a commitment.
into rental real estate with friends Homeownership Benefits Are Many
after college. Additionally, women are Owners of real estate attain many
marrying later in life, attaining higher benefits. There are numerous real estate
educational degrees, and spending more deductions at tax time on both federal
time to establish their careers. This and state income taxes, especially if you
provides them more available financial purchased your home real estate within
resources to purchase their own real the tax year. (See my article at this web
estate and move into a place of their site, titled Real Estate Tax Breaks for
own. Your Home for more benefits of
My daughter did this in her early 30s. A homeownership.) Because it is your home,
successful web designer in West Palm you can make more permanent changes
Beach, Florida, she decided that she was through renovations and decorating.
wasting her money renting and wanted Additionally, your investment generally
something that was hers. As with most increases in value and you accumulate
single renters, she purchased a condo equity that can be borrowed against in
(townhouses are another good alternative the future for necessities, such as the
for previous apartment dwellers). Though purchase of a car or that vacation of
it was a big step and a huge commitment, which you always dreamed.
she has a sense of security, satisfaction Though buying real estate before marriage
and accomplishment that cannot be found is a big commitment, more and more
through renting. singles are doing just that and finding
Some Benefits of Renting the move much more rewarding than
After renting for several years, many renting.
singles become frustrated with their






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