As many financially independent single women enter their mid-thirties and early forties a question has to be answered, if not already decided: Should I buy a home for myself, and myself alone? Unlike other milestones in life, purchasing a home does not require a partner. With money for a down payment, a job and collateral anyone can have their own four walls. It’s just a matter of being in those four walls…alone. Society dictates a lot of things: Go to school to get to college. Go to college to get a good job. Get a good job to have money. Meet Mr. Right (who’s simultaneously followed steps 1 through 3). Marry and buy home with Mr. Right. Have babies and live happily ever after.
- If you wait, you put yourself at financial disadvantage by paying rent somewhere.
- Buying a house builds your personal portfolio.
- The amount of tax breaks you get from owning a home is ridiculous!
- You have your own financial stability, so depending upon the area you buy in, you may not want to sell once you get married. Renting is a great secondary cash flow.
- In the eagerness to be married, you may rush may and show bad judgment– i.e. you need something to fall back on.