What You Want To Know When Pursuing Homeownership Dream

Today Darren Dowling is covering "What You Want To Know When Pursuing Homeownership Dream"

What You Want To Know If You’re Pursuing Your Dream of Homeownership

Let’s take a look at why homeownership makes the top of so many young buyers’ to-do list and what you need to consider to achieve your goals if you’re one of them.

Top Motivators To Buy a Home

Before you start the homebuying process, it’s helpful to know why homeownership is so important to you. The top reasons why younger generations are looking to buy a home.

• 95% believe the cost of renting is too high
• 35% think owning a home is an important wealth-building tool
• 6% seek the sense of security owning a home provides
• 37% plan to use it as an investment property

Key Obstacles and How To Overcome Them

Here’s a look at two of the hurdles potential homebuyers say they face:

1. The Mortgage Process Can Be Intimidating
2. It’s Hard To Know How Much You Need To Save