Are Starter Homes Worth It?

by Heidi on August 26, 2016

in Uncategorized

Many people think of their first home as a “starter home.” This refers to a home that is fairly small and typically is for young people who are just starting out in a new phase of life. These types of homes are generally not thought of as “forever homes.” Many times, as families expand, they will move on from their starter homes to bigger and better homes. This includes living in desirable neighborhoods and adding extra comforts that the first home may not have had. Other times, people expand on their starter home in order to make more room for children and the needs of a growing family. These homes truly are jumping off points.

Studies show that the idea of starter homes is disappearing. It could be that the requirements of first-time homebuyers are changing and therefore the types of homes that are being sought after are few and far between. The expectations of buyers have increased greatly. Buyers would like adequate space and hope that their first home is not only in a great location, but ready for them to move in without much work as well. Really, buyers are looking for everything anyone would want in their forever home in their starter homes.

So, is it a smart idea to search for a starter home, only to move a few years later? The answer is multi-faceted. Starter homes are typically the homes that you can afford at the present time in your life. If you decide that you can save up longer and go for the house you really want, that may be a smarter financial decision for you. There’s always an option to wait for more homes to go on the market while you rent a place. If you do decide to go for a starter home, here’s some tips for you:

Don’t Try To Get Everything You Want For A Low Price

Buyers tend to have wish lists of the things they desire in a house. While that’s a great idea, don’t expect to get everything you want in your starter home. Manage your expectations along with the cost of the home.

See Where You Can Expand

Many homes have great potential, but buyers have what they see set in their minds and fail to see what can be done in the future. Look at homes with open eyes and picture the possibilities.

Know There Will Be Work Involved

Purchasing a starter home means that you’ll usually need to participate in home improvement projects. Don’t go for a home that needs major work done if you’re not up for the challenge. Typically, you’ll need to be able to get your hands dirty by doing things like changing out wallpaper, painting walls, or sanding cabinets. These are the little projects that make your house your own.

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Date: 08/28/2016 Time: 11:30 AM to 1:30 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

You will be pleasantly surprised how much space this home has to offer! With 4 bedrooms including a 1st floor master with bath, this property could be home to a larger family or provide additional room for all of your guests. Make your way through the expansive mudroom into the large family room with 2 picture windows and a sliding glass door out to the large fenced in backyard, your own private oasis. A bonus room off one of the 2nd floor bedrooms allows for space as an office, playroom or work out area. Although the home needs some cosmetic updates, with a five year old roof, one year old furnace and hot water heater as well as two new pellet stoves, all of the big ticket items have been taken care of for you. The property is equipped with an alarm system, front yard underground sprinkler system and a beautiful backyard gazebo. All of this and convenient to shopping and the commuter rail. Don’t do a drive by, come on in.

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