“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
The top reason millennials choose to buy is to have control over their living space, at 93%.
Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they’d like, or renovate an outdated part of their living space.
Owning a home in a community is one of the major reasons why residents become more civically involved. The stakes are raised once your home value is tied directly tied to the neighborhood and community in which you live.
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Avoid Real Estate Regret
The neighborhood might feel charming and laid-back during a warm Saturday morning open house, but what is it like when you’re driving to work? Or waiting for Sunday church traffic to clear out? Spend some time at your would-be house at all hours of the day and night to find out what it would really be like to live in the neighborhood.