Stop waiting for the Big Perfect House! 🏡
16 Mar 2024

Buy a home you can afford now instead of waiting for your dream house. You build equity over time, then use that to upgrade later. Starting early beats waiting for perfect.

Buy a home you can afford now instead of waiting for your dream house. You build equity over time, then use that to upgrade later. Starting early beats waiting for perfect.
Are you wanting that big perfect home in that dream neighborhood? But you're gonna wait a while to get every detail perfectly aligned. It makes sense. But best case, you might have just made it tougher on yourself. And worst case, you might have missed the whole opportunity. And here's what I mean. Let's say you purchase a home within your means right now, and on average, homes get about 5% value year after year, and you pay down the balance about 1 to 2% every single year. So in total, you're getting about 6 to 7% return on your investment. So after three years, let's say you have about 20% equity built up. Well, that could be the stair step needed to get you into that bigger home. You could take that equity and put a huge down payment on the bigger house, helping you qualify for it. And keep in mind a lot of people in that dream neighborhood that very well wasn't their very first home, instead of taking a huge leap and extending themselves too far, they could have taken a more gradual stair step route and end up with a better result.