Helpful Tips for Millennial Homebuyers

By: Villages of Urbana

According to Zillow, more and more Millennials are now diving into homeownership. Here at Villages of Urbana, we’re so excited to see the generation taking this monumental step in their lives. We’re happy to provide new townhomes for sale by NVHomes and Ryan Homes in an established and thriving community – answering to the demands of Gen X-ers searching for their first homes!

These tips, provided by Zillow, can help guide Millennials as they venture into the home buying market:

“Don’t Assume You Can’t Afford to Buy”

These days, loan options are diverse, opening the door for many more homebuyers than before – so don’t assume you can’t afford to buy. Not to mention, interest rates are still historically low, offering even more wiggle-room for prospective buyers. At Villages of Urbana, our new luxury townhome models are ideally priced for homebuyers, with additional perks like a free washer and dryer if you purchase before the end of October!

“Don’t Go it Alone”

There are so many sources for guidance when buying your first home. Whether you rely on a realtor, a friend, or a community’s website, there will plenty of guiding lights throughout the entire home buying process.

“Ask Your Parents for Advice”

You’ll be surprised by how much you can learn from others’ experiences. Despite the differences in the ever-changing housing market, parents can offer insight into the experience as a whole – valuable for any Millennial buyer. Of course, whether or not you take their advice is up to you, but it will be helpful to have all the feedback you can find.

“Take Your Time”

Buying a home is a financial commitment, but it goes deeper than just monetary means. Emotionally, home buying is not something to be taken lightly, so be sure to take your time when finding the perfect space. No need to rush a decision this life changing!

“Don’t Be Overwhelmed By Data”

There is a lot more data available for today’s buyers than there was for buyers just 15 years ago. Market reports and statistics may be helpful for some, but don’t let the numbers overwhelm you. A lot has changed in recent years, yes, but don’t let these changes take precedence over what you know you can finance.

At Villages of Urbana, we have such a diverse network of homebuyers. Everyone, from young professionals to retired Baby Boomers, has found their space in our community. With amenities, stunning new homes, an ideal location and so much to do, Villages of Urbana has it all!

Source: Zillow