Picking your first house is not an easy decision. And choosing between a starter vs. a forever home can be even more difficult. A starter home and a forever home both have their pros and their cons. When you try to make a decision, consider the following factors.
Starter vs. Forever Home – what is the difference?
Before you purchase a house, ask yourself how long you intend to live in it. The amount of time you want to live in it is one factor determining whether it is a starter or a forever house. A starter home is one you don’t plan on living in for a longer period of time. Starter homes can be a good investment for the future. They are a good option when you want to be a homeowner but aren’t ready to purchase a forever home.
On the other hand, a forever home is one you intend to live in for extended periods. When you buy a forever home, you don’t see yourself looking for a new piece of real estate soon. You know that this is a house you will live in for many years to come.
Purchasing a starter home: pros and cons
The first and most important pro to purchasing a starter home is that they are much easier to buy. Starter homes are known to cost much less than forever homes. So, it is much easier to save up for a starter home. Plus, getting a loan for your starter home will be much easier as well. You will be able to move into your starter home much faster than if you had purchased a forever home. This makes them much easier to sell when you wish to relocate to a new house. Once you find your perfect forever home, you won’t have to spend too much time trying to sell the starter one.
One of the cons of purchasing a starter home is that you will have to consider moving soon. You will have to move into your starter home, knowing that soon you will have to do this all over again. Filling out the paperwork, packing your things, and organizing the moving process are all things you will have to do again. If you get attached to the starter house, the move can get emotionally difficult for you and your household members. Plus, another con to starter homes is that they are usually smaller in size. You may not have enough room for everything you want in your dream home. There’s a chance you may not have enough storage space for your things and will be forced to declutter.
Purchasing a home is a big step.
Purchasing a forever home: pros and cons
Finding the perfect house to call your forever home isn’t an easy job. But once you do, moving into your new house is one of the best feelings in the world. The pro to purchasing a forever home is that you can get completely settled in. Unlike with a starter home, you can fully commit to furnishing and renovating your house. The benefit of a forever home is that you know you’ll be there for a long time. You won’t think about going through the moving and purchasing process all over again.
When talking about the decision between a starter vs. forever home, we have to mention the cons as well. As for the cons of purchasing a forever home, there are a few. Forever homes always cost more than starter homes. So saving up for your forever home will take much longer. Plus, getting a loan for your forever home can be more difficult. You may have to wait until you can finally settle in.
Choosing a starter home
You may be tempted to purchase a starter home that requires little work. Starter homes that need work are some of the most affordable on the market. But, this may not be the best option. Because you will move out of the house soon, it may be inefficient to spend a lot of time perfecting it. Although you can sell it for a higher price, it may not be worth it when buying a starter home. Find a home you know will be comfortable and good enough for the foreseeable future.
Starter vs. forever home is one of the most important decisions you can make.
Choosing a forever home
Choosing your forever home is one of the most crucial decisions. A forever home is one you will live in for many years to come. When selecting a house, find one that suits your needs. Write down a list of things you want your new home to have. Start with the size of the house and the number of rooms you want it to have. After that, decide whether you would consider purchasing a fixer-upper. You can save some money by buying a home that needs a little TLC. But it will take some time to make it to your liking. In the end, a forever home is one you will live in for years to come, so investing in a fixer-upper can be a good option.
Moving into a starter home vs. a forever home
Moving into your first house can be exciting. But as a first-time mover, it may be challenging to organize the move properly. This is the best way to pack if you choose to purchase a starter home. When you know you will move into a different house soon, pack the things you know you won’t use into moving boxes. Put them in one place and label them, so moving them the next time can be easier. These items you don’t use often can be unpacked when you need them. Now, you won’t spend time unnecessarily unpacking and packing things again.
Before the moving day arrives, prepare for what’s ahead well. Firstly, declutter your home, so you don’t bring the things you don’t need. After this, pack your items efficiently so you can save space. Pack similar items together so that unpacking can be more manageable. Remember to label the boxes once you pack them. Another way to make the moving process easier is to create an inventory of everything you packed. If you have pets, find accommodations for them for the moving day. This will make the moving day easier for you and less stressful for them.
Moving into your new dream home can be easy when you organize it well
Once you consider all of these factors, you can easily make a decision. When you consider your finances and the amount of time you want to live in your next house, deciding which house to purchase will be easy. Choosing between a starter vs. a forever home will be effortless.
Starter vs. forever home – which is the right one for you? Consider these essential factors in order to reach a decision you know you’ll be happy with.
starter vs. forever home