“Tomorrow” is a phrase commonly uttered by just about everyone. Laundry, yardwork, or homework; all of it can wait until tomorrow. But when it comes to Millennials, who were the basis of our study, more things are put off than menial chores.
Buying a home is a big step during adulthood. Home-owning takes being employed with a steady income, and in terms of the mortgage, no fear of a long term commitment.
After the hard work of finding and buying a home, the next years (or decades) are spent enjoying and preserving your investment. Regular maintenance such as routine servicing, upkeep, and repairs are critical to keeping a home in good condition.
Home maintenance is essential for keeping your home safe and in good working order — but that doesn’t mean it comes cheap. Scheduled service, supplies, and repair costs can all add up.
Prospective homeowners have a lot to think about before buying a home. Interest rates, the risk of owning an illiquid asset, and the future state of the housing market are all difficult questions that need to be answered before making a life-changing decision.
With the housing bust still fresh in the minds of homeowners and potential homebuyers, it’s not surprising that many professions in the housing industry have a credibility problem. Just how much of a credibility problem may be surprising.