When Brian and I sold this house, we knew we have been in it for the prolonged haul. We deliberate to take our time fixing up this house, and the outdoor, to reveal it into the house of our goals. This modified into wherein we would develop our very very own greens, plant fruit wooden, construct a compost bin, set up a rain barrel, bake fresh bread, have buddies over for video games, and normally construct our ecofrugal lifestyles collectively. If it wasn't going to be our
The ironic thing about that is, I realize that many people, looking at our modest little three-bedroom minimal-traditional, would consider it a "starter home." For them, this would clearly be a transitional house - not your dream house, but the place you buy to live in until you can afford your dream house.
So whose approach makes more sense? Buying a starter home just to get your foot in the door and eventually trade up, or waiting to buy until you're ready to buy a home for keeps?
Well, there's something to be said for both sides. In my latest Money Crashers article, I explore the implications of buying a starter home: what you have to gain, what you're giving up, and what factors to consider before you decide. I hope this will be helpful for anyone who's considering buying a first home, and possibly even for those who have already bought one and are now wondering how long to stay in it.
Should You Buy a Starter Home as a First-Time Home Buyer?
