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Tips to relieve fears when buying your first property to live in or as an investment property, especially if you are single. According to National Association of Realtors (NAR), 67 percent of all home buyers are married couples. Despite that, did you know that single women have been outpacing men in making real estate investments? In fact, this year’s report from NAR reveals that women are the second most common group of buyers following the married group.
Buying a home is barely easy for anyone. But navigating the home-buying process can be challenging especially for single buyers. But if you are a bold-hearted lass who is determined to buy her dream house, here are four simple yet helpful tips to guide you on your home-buying journey.
Take your time
Unlike purchasing small items, buying your own house or investment property for cash flow is not like shopping items from stores where you can return them once you found them defective. Needless to say, investing on your first real estate investment should not be rushed and must be given proper planning.
Research the type of property you want to purchase, its features, and more than anything else, the location of the property—all of these should complement your lifestyle. If you are buying an investment property, make sure you do all your inspections, you do your numbers and you account for repairs if needed. While you are at it, read news about the latest real estate trends. This can help you in making your decision. For instance, if you are torn about buying a condominium or house and lot, reading articles about this will help you come to a smart decision.