Fort Lauderdale Realtor: TOday many Singles are Buying Homes and Condos

There was a time when men and women waited to become first-time homebuyers until they married. To rent or live at home with their parents until the right Mr. or Mrs. found.

Today, according to the National Association of Realtors and Fort Lauderdale Realtor, one in four home sales are single, single women outnumbering men two to one. The reason you think that many of the unmarried men between 20 and 30 years still live with their parents until marriage, while women are more likely to move to a rental property with friends after college. In addition, women are marrying later in life to achieve higher education degrees, and spend more time to establish their careers. This gives them more financial resources to purchase their property and move to a place of their own.

My daughter does in her 30 years of age. A web designer with success in West Palm Beach, Florida, decided he was wasting his money by renting and wanted something that was hers. As with most tenants just bought a condo (town houses are another good alternative for people in apartments above). Although it was a big step and a big commitment, has a sense of security, satisfaction and achievement that can only be found through the lease.

Some benefits of leasing

After renting for several years, many singles frustrated with their dollars to go into the pockets of others with nothing to show for it. They do not like not being able to decorate as they wish or to share space with roommates.

In some places and personal situations, however, hire the best alternative may be cheaper. You do not have to pay for repairs, maintenance or property taxes. You have more flexibility to move whenever you want, without worrying about the first sale of your home. So if you are buying residential real estate, compare your options before making a commitment.

Rewards of ownership are many

Owners gain several benefits. There are many real estate deductions at tax time both the federal and the state, especially if you purchased your home ownership in the fiscal year. (See my article on this site, called "property tax relief for your home" for more benefits of ownership.) Because it's your house, you can make more permanent changes in the renovation and decoration. In addition, your investment is generally increasing in value and you build equity that can be borrowed against the future for the necessities such as buying a car or holiday you've always wanted.

While purchasing real estate before marriage is an important commitment, single growing to do just that and find the road much more rewarding than to rent.