Becoming a homeowner is the dream of many individuals and couples. Selecting the home that you will spend the beginning of your new life in can be an exciting experience and the thrill of your new independence is exhilarating.
Your first home is about planning your future; whether that includes children, job changes or a spouse. Considering this, your first home should have room for your life and your family to expand. Since many first time home buyers are young professionals on tight budgets the most important consideration should be the affordability of your new home.
A World of Options
Modular Homes and Prefabs – Modular and prefabricated homes can be an attractive option for first time home buyers because they can often be constructed at a much lower cost than existing or custom homes. These units can be customized in a variety of ways and are offered in a wide range of styles to ensure that you receive the home that suits you perfectly.
Unique Stock House Plans – There are so many stock plans available that can be modified cheaply to meet your needs that you would be hard pressed to not be able to find what you desire. Buying stock plans can save you thousands of dollars versus hiring an architect to design your home from scratch. The internet offers hundred of sources for stock plans and the experience of being able to browse these different styles and designs will save you a great deal of time versus visiting home shows and tours.
“Kit” Homes – If you have a do-it-yourself attitude, a flexible schedule and know how to swing a hammer then a kit home can be a big money saver. Kit homes are often smaller than traditional houses, so if you are a single individual of new couple without children in your immediate future these may be perfect for you. Kit homes are most popular in cabin and cottage style layouts and usually feature just enough living space for first time homeowners. However, if you require, some can get rather large and ostentatious.
Custom Home Designs – Do you have an amazing idea for a convenient and affordable home in the back of your mind? Working with an architect to turn these ideas into a reality will guarantee you get exactly what you want out of your first home.
Rehabilitation – There are plenty of homes out there in poor condition or in gentrifying neighborhoods waiting to be transformed into something new. Shells and other properties, like prefabs and kit homes, can often end up costing much less than an existing home. In addition, the character and ambiance that these existing structures offer can be incorporated into their new modernized appearance.
Getting it Right
When you are young it is hard to know what the future has in store for you but you are probably not short on ambition. Your first home is the chance to put the hopes of your future into something that represent your goals and prepares you for your life ahead.