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1. Stay within your budget- Buy a home well within your means and ensure that you can afford it even during lapses in employment that you may experience.
2. Be aware of maintenance- If you are concerned about lawn care and other exterior maintenance, you may want to lean towards a home with a smaller yard or even in a newer community with homes requiring less up keep. If you are not interested in lawn manicuring or outdoor fixes you should look into a town home or a condominium.
3. Security- Being single means your home will be unoccupied more often than not and you want to ensure that you are in a safe neighborhood with a low crime rate so you can lock down your home before you leave and not have to worry about it.
4. Think about resale value- You may find yourself moving after a few years due to a job relocation or life change so when you are shopping for a home-keep the resale value in mind so that if you ever find yourself wanting to sell, you can do so easily.
5. Buy for the future- Although you are single now and may not need much room, plan for the future when you may add a spouse and children to your home. If you can afford it, it’s a good idea to buy a home with an extra bedroom or two to spare.
Single homebuyers have a slightly different set of needs, but ultimately everyone has to find what there goals, needs, and priorities are and find what will work for you.