For a lot of young people, investing in their first property is always going to be a priority. But as you’re likely to know, this can often be a challenge. Looking to purchase a house for the first time can take a lot of planning and work. It’s not something you can just wake up one day and decide to do – not unless you know that you’re going to have to wait a while. But at the same time, it’s not impossible.
The world (and the media in particular) definitely makes it feel as if we’re never going to be able to buy a home. But you’ll be glad to know that it might be difficult, but it’s certainly achievable. If you want to feel a bit better about your current situation, just take a look at the below infographic to find information on first-time buyers.
You’ll see that the average age is around 32 and that not everyone that buys a home does so with their hard-earned cash. So if it’s taking you a little longer to save for your down payment, don’t panic. If you’d like more information on purchasing statistics, click through below.
As a general guide, you’re going to want to create a savings plan for yourself that you can stick to. You should also look to work on your credit score so that you can secure the best mortgage rate when it’s time for you to buy your first home.
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