First-time homebuyers are struggling to find affordable housing. Unlike recent years when inventory was high and finding a great home was easier, now buyers are faced with either postponing homeownership or making compromises. It may feel hard to compromise, but it’s important to remember that this is your first home, not your dream home.
If you are faced with making decisions about what to give up when buying a home, here are 3 compromises that make sense, and 6 things not to.
1. Yard Size – Outdoor space is wonderful, but if price is an issue, find a home close to a park or other common area.
2. Turnkey Design – Paint, fading carpet and other cosmetic issues can be addressed over time.
3. Extra Living Space – Consider…