Oftentimes, the word “home” is associated with the word “family”. However, for single adults, a house can be your sanctuary. It’s a place you create all for yourself. You don’t have to consider any kids, no partner to consult, and no landlord to rule over you.  

Though people sometimes equate buying a house as a family move, around 1 out of 4 buyers is single. This is according to NAR (National Association of Realtors). 

If you’re a single adult and plan to buy a house, we’ve got some tips for you to consider. Whether you’re getting a mortgage loan or a Hawaii BAH, here are some tips you should know: 

Look for a Real Estate Agent You Can Count On 

A real estate agent can be your friend when it comes to buying a house. They can be a person who will be on your side, doing their best to find the house that you need. Because of this, it’s best to find an agent that you can rely on.  

You know you have someone on your side if you find an agent that listens to your needs rather than pushing you to close a deal you don’t like.  

Make Friends with a Mortgage Expert 

A lot of homebuyers focus on finding the ideal real estate agent. Typically, they ignore building a relationship with a mortgage professional.  

Unfortunately, doing so can affect your ability to know your long-term commitments and your home buying options.  

Look for a mortgage expert that you can rely on. Make sure he or she answers all of your questions. Oftentimes, finding the right mortgage can be extremely stressful during the home buying process. That is why this tip will guarantee everything goes smoothly.  

Calculate Down Payment and Other Expenses 

When you think about the expenses of buying a house, the first step is to wrap your head around the possibilities of the down payment. A lot of individuals assume that the down payment for a home has to be 15%-20% of the price. However, that isn’t true at all.  

Whenever you get past the various breakdowns of how you may sort out the down payment. Always keep in mind to include additional costs of buying a house. Think about starting an emergency house fund where you set aside a bit of cash for closing expenses, random repairs in the house, and the move itself. 

Create a Realistic Budget 

While you are saving to buy a house, make sure you create a realistic budget. Though it might appear hard to set aside money, simple things such as making your meals and avoiding coffee shops can make a huge impact.  

Also, consider evaluating your subscription services. Perhaps you do not require all streaming platforms to watch a show. Try to cancel subscriptions of services that you don’t need anymore.  

Also, create a formal budget so that you can balance your savings plan, expenses, and monthly income. It might be difficult to do this at first. However, everything will be worth it once you buy the house of your dreams.