Buying a home is not just for families or people with high incomes. Tired of apartment living and looking for a good investment, many single women are making the decision to buy a home of their own. In fact, more than 21% of U.S. homebuyers are single women.
If buying a home is one of your financial goals, ask yourself these questions:
- How much home can I afford?
- What are the other costs of owning a home?
- Where can I live where I feel safe?
- What kind of space will suit my lifestyle?
Yes! You Can Afford to Buy a Home
Having a high income is not an obstacle home ownership. The solution could be buying a condominium.
While prices of inner loop homes are skyrocketing, Houston condos start around $150,000. This price is easily within reach for a single person with a $50,000 annual income. Additionally, with the lower purchase price, you can expect to have a lower monthly mortgage payment and pay lower property taxes.
Home Ownership vs. Condo Living
Single women often shy away from buying a traditional house because of the yard work. Lawn maintenance and other household repairs can be time consuming and expensive. This is just one of the reasons that buying a condo is a good choice for single women.
Condo living also offers other amenities that would be expensive in a traditional house. Access to swimming pools and fitness centers are a few of the other benefits of owning a condo.
Living the Urban Lifestyle
Midtown, Museum District and other Houston condos located inside the loop make it easy to enjoy an active urban lifestyle. In some cases you are close to business districts and within walking distance to shopping centers, retail stores and restaurants.
For single women, one of the most important features of condo living is safety. Many urban condo communities provide alarm systems, gated entrance, security guards and or other forms of security.
From a cozy studio style to a modern loft, carpet or hardwood floors, high-rise or mid-rise, you can find a Houston condo that fits your needs and lifestyle. And because you own it, you can paint, decorate and hang pictures to suit your personal taste. That is the best benefit of all!
