Tips for Single-Women Home Buyers

We believe that if you are a single woman, paying your bills, making your decisions and living life on your terms, then you need not wait to fall in love, get married, and have children to tell yourself that you deserve a place of your own. You do, because you have earned your individuality and that is something to be celebrated!

There are some very evident differences in the way women and men go about buying a home. While men might consider the size and space of the home to be a deciding factor, women often take the little intricacies into account. For example, the furnishing, aesthetics, paint, flooring, and efficient storage spaces in general might be areas of interest for a woman home buyer.

For a single woman who is preparing to buy a home, there are a few important questions that are worth seeking an answer to. For instance, the question of mortgage affordability, safety, the suitability of the place to your lifestyle, and the ability to rent out the place in case you find someone special and wish to move away to another city or country.

Here are a few useful tips to keep in mind as you embark upon your journey for finding a sweet home:

1. Budget
Whether you are perfectly capable of acquiring the home loan or not, is not the question. Whether you need that loan or not, very much is. You don't need friends, family and colleagues to advise you on this. This is your decision, so make it carefully. How much are you willing to invest in a home? What are your other major investments planned for the future? What is more important to you, showing off an exorbitant living space to the world, or being able to make that space your own? Answering these questions might get you started on the process.

2. Costs are not always visible
The cost of a home is more than just numbers that show. You need to consider the cost of utilities, maintenance, insurance, and other related property taxes. Then again, there is the opportunity cost of moving to a new locality.

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3. Seek professional advice
In order to demystify the seemingly gigantic task of buying a home, one of the best choices you can make is to hire a real estate agent. An agent will address your little concerns and queries, as well as make the entire process much more smooth and understandable for you. It is, after all, not unusual for builders to trick the buyers and exploit their ignorance on a daily basis. Therefore, better to be safe than sorry.

4. Location
Although location is the magic word for any real estate buyer, women care about the location a lot more seriously than men do, to the extent that it is a definite deal breaker. Safety, security, ease of access to malls, hospitals, and workplaces will definitely play a role in determining the locality in which you buy your home.