Why Your First Home Won't Be Your Dream Home (But That's Okay!)
May 24, 2023We see you. You're probably feeling the pressure to buy your first home. But before you start browsing Pinterest for home decorating ideas and envisioning your future life in a perfectly curated dream home, let's have a real talk about first homes. The truth is, your first home won't be your dream home. And that's okay! Here's why:
- You're on a budget: Let's be real, most of us aren't in a position to buy our dream home on our first try. Your first home will likely be a starter home, something that fits your budget and gets you into the housing market.
- You're still figuring out what you want: When you're buying your first home, you're still figuring out what you want in a home. You might not know yet if you want a big backyard, a pool, or a specific neighborhood. Your first home will give you a chance to experience living in different areas and styles of homes.
- You're going to change: Yes, you're going to change over the next few years, so your home needs will change as well, so you might not want the same things in a home that you did when you first started looking.
So, if your first home won't be your dream home, what's the point? The point is that your first home should be viewed as an investment for your future. Your first home will likely appreciate in value, and when you're ready to move on to your next home, you'll be able to use the equity from your first home to put towards your dream home.
Additionally, you'll have the opportunity to learn about the home-buying process, home maintenance, and how to be a homeowner. You'll also learn what you want and don't want in a home, which will make your dream home search much more focused.
In short, don't get too caught up in the dream home fantasy. Instead, focus on buying a home that fits your budget and your current needs, and view it as an investment for your future. Remember, your first home is a stepping stone to your dream home, so don't sweat it if it's not perfect - it's all part of the journey.
For a full step-by-step guide on how to improve your credit and more, check out our Savvy Homebuyer Course to give you clear instruction on everything you need to know.
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