Five Reasons Millennials are buying homes
In the United States there are more than 72 million millennials. You’re not alone if you’re a member of this generation and have considered buying a house. According to Zonda 98% of millennials would like to be homeowners at some point, if not already. Why? There are many reasons why you might decide to become a home owner. This graph shows the reasons why millennials buy homes, according to Zonda’s 6th annual survey of millennials. Top reasons include building equity and a change in stage of life, as well as wanting stability, rising values, and making a place truly theirs. Here are some more details about each.Building equity- Homeownership can be a long-term, stable investment that will allow you to build wealth and increase your net worth. Renting is usually the only alternative to buying a home. You’re a millennial and you’re in your prime years for home buying. You may need more space, or you may want to move. You can increase the value of your home by purchasing it. This can increase the value of your home if you ever decide to move. If you have thought about becoming a home owner and you identify with any of these reasons, work with a real estate agent who can help you explore your options.
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