Leigh Insurance Agency of St Augustine Blog
Millennials are very spontaneous and adventurous. It’s no wonder people have this idea that millennials can’t buy a home because they spent it all on pretty much anything. However, the National Association of Realtors’ 2020 report contradicts the idea of most people about millennials. According to the report, millennials made up most of the home-buying population at 38% in 2019.
Tips on home-buying
Although they are the largest demographic in home-buying, millennials are still struggling with having a stable job or a decent salary. Here are four helpful tips for a millennial on buying a home.
1. Money matters - A key player in the economic system; money makes the world go round. For a person to buy a house, they should consider these:
2. Research - when buying a home, research the additional costs, and get familiarized with the housing market.
3. Know your ‘must-haves’ - as said earlier, millennials are keen on specific features when picking a house. Millennials should keep in mind those features to evaluate your budget.
Specificity, millennials want a home that they can call their own. According to the Washington Post, millennials prefer to be in a community, and they want their homes to be technologically advanced. But buying a house is a tremendous step in any person’s life. The tips mentioned are beneficial but are just your guiding stars.
You need to think ahead and have a fool-proof plan in safeguarding your future home. A homeowner’s insurance is your safest bet in creating a safe and anxiety-free place.
At Leigh Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (904) 826-0799 or Click Here to request a free quote.
3/3/2023 01:36:18 pm
Millennials are often labeled as a generation that spends frivolously and cannot afford to buy a home. However, recent reports suggest otherwise, as millennials accounted for the largest portion of homebuyers in 2019. This shows that despite financial challenges, millennials are willing to invest in their future and make long-term commitments.
3/3/2023 05:59:17 pm
I had no idea that millennials earn 20% less than the previous generations. That must be why it is harder to get a house. I'll have to talk to a loan officer to know what to do.
3/21/2023 11:50:02 am
It's great to see that millennials are making up a significant portion of the home-buying population. It's important for them to take the necessary steps towards building a stable financial foundation to achieve their dream of homeownership. Saving for a down payment and improving credit scores are essential, and researching the housing market can provide insight into additional costs. It's also crucial to protect the investment with a homeowner's insurance policy, and Leigh Insurance Agency seems to provide reliable coverage options.
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