Reasons to Buy a Home in Your 30s

Home is the place that we can truly claim as our own, the system of inheritance and acquisition makes it blatant enough to understand the concept of owning a home of our own. As we enter our 30s the concept of having a home intensifies and becomes a priority, the hard-earned capital made during our 20s finally has an asset to be invested in, however, a major question pops up in our heads,” should I buy a home in my 30s?”

The answer to the question depends upon the financial stability of the person, however, in most cases; it is recommended to buy a home in your 30s even if you are remotely capable of doing so. The key reason for this can be understood by considering various parameters such as:

•  Satisfaction and relief from having a place of your own
• Asset as a form of investment or retirement
• Financial Independence
• Accomplishing a goal (as an achievement)
• Stability
• And many more!

Let us understand these points in brief.

Buying a House in Your 30s – Does Time Matter?

You may stumble upon certain assets that seem unjust because they look good and the price is substantially less. There is a common catch to these assets and it is the time since its establishment. So, should you buy a home that is 15 years old or more? It is common knowledge that the probability of appreciation in the real estate business is extremely high, meaning these structures age like fine wine; the older the merrier. Hence, if the price is right and it fits your requirements the chances to turn that offer would not be wise. You can find several listings and guides <insert website>. With that being settled, we can return to the original question,” Should I buy a home in my 30s?”.

Buying a house in your 30s will lead to a sense of stability in your life and make you more oriented toward your future goals. Like in any other field, it is the foundation that matters the most, your home acts as your foundation to stand upon and continue your future endeavors. As you turn 30 years old, the need for having a safe and sound place increases and, thus, becomes a major reason to consider buying a house at 30 years old.

Buying a house in your 30s will also act as an investment for your retirement. No one can work for their entire life, at some point physical health starts to take a toll. During the retirement phase, a home bought in your 30s can act as a haven for retirement or as an asset that can be liquidated to fund your expenses. In either case, scenario, buying a house in your 30s seems like the wise thing to do. The appreciated value of a house over the years delivers handsome premiums which can be a ‘life savior.’

Perks of Having a Home in Your 30s

Apart from the life-oriented goals, a home is also significant for the family. One of the most common reasons for buying a home in India is family. Having a sense of stability with your loved ones is a feeling that cannot be compared and will stay invaluable. For this, however, a stable foundation is required; which is your home. 30s is the age when most of us start planning for families and progenies, thus, statistically speaking buying a home in your 30s can be a fruitful investment not only for your future but also for your progeny.

Having a home gives a sense of financial freedom and ownership. These factors contribute to keeping one motivated and disciplined to continue working. Having a home is considered a pleasure of life, something for which most of the population works day and night. This is why it is often recommended to buy a home and pay the mortgage rather than pay rent. As you continue to pay off your mortgage you get one step closer to acquiring an asset to your name and leverage the said asset for your growth and family.

Conclusion:

The above-mentioned blog helps to paint a clearer picture for our audience in the age group of 30s. This is a crucial age group as it determines the investments of your hard-earned capital in your 20s. Having a home to your name has some significant advantages and we try to cover some of the most important ones. Buying a home in your 30s can be an exciting milestone that delivers a sense of ownership and financial independence.

There are several benefits one may get from buying a home, especially in the 30s as it is a crucial point in one’s life. The benefits range from retirement purposes to family purposes, each a significant life goal. So, if any of these reasons resonate with your thoughts then consider investing in your home upon achieving threshold financial status.