Generally, the longer you wait, the more you have to pay for the home you want. However, that is certainly not the only consideration. Owning a home has many responsibilities that should be discussed before you decide to make that move. You will need to plan for taking care of your yard, for the structure, and for foreseen and unforeseen expenses that happen with real estate ownership. This forced savings is an aspect of home ownership that I consider one of the best, right next to the emotional good feeling of owning something of your own.
Most people have difficulty putting money away in savings on a regular basis.
With home ownership, your home equity may soon become your largest investment. Consider it one of your best retirement accounts. Even if you move from house to house, some or all of your savings will move with you. We will talk more on this subject next week. Home ownership is a wonderful objective for your energies.