(Closed) At what age did you become a homeowner?

posted 7 years ago in Home
  • poll: age at time of buying first home?
    18-21 : (35 votes)
    10 %
    22-25 : (134 votes)
    36 %
    26-30 : (96 votes)
    26 %
    31-35 : (27 votes)
    7 %
    36-40 : (7 votes)
    2 %
    41-45 : (1 votes)
    0 %
    46+ : (2 votes)
    1 %
    never owned a home : (65 votes)
    18 %
    my house was given to me : (1 votes)
    0 %
  • Post # 47
    Member
    128 posts
    Blushing bee
    • Wedding: May 2012

    Don’t feel rushed.  You should definitely wait and save as much as you can before buying.  We bought two years ago and wish we had waited until we had a good amount for down payment so that we wouldn’t have to do an FHA loan.  Those private mortgage insurance sucks (which you will get charged monthly if you don’t put down 20%).

    Post # 48
    Member
    4192 posts
    Honey bee
    • Wedding: July 2012 - Baltimore Museum of Industry

    I was 32, and bought my-now our-house by myself.

    I agree with PP: don’t feel rushed, or let that fact that your sisters have ones influence you (you know the 17-year old wouldn’t have bought without her settlement!) If you can do a conventional vs a FHA loan, there are significant savings. That said- interest rates are *phenomenal* right now. 

    I’m a little puzzled why TTC have anything to do with it. Babies honestly don’t take up much space (it’s all the “stuff” people buy them that takes up space). Even if you’re in a one-bedroom, you wouldn’t *have* to have a new place before you had a baby. Fair housing protects you in regards to familial status, so you don’t have to move until you’re ready.  

    Post # 49
    Member
    3569 posts
    Sugar bee
    • Wedding: April 2013

    I bought my house alone right before I turned 25. I don’t think you are “behind” by any means. Buying a house shouldn’t be motivated by what others around you are doing. Just work on getting yourself in the best position to do so. If you want ttc looking into renting a bigger place.

    Post # 50
    Member
    185 posts
    Blushing bee
    • Wedding: August 2013

    I was 21 and Fiance was 25 when we bought our house.

    Post # 51
    Member
    4943 posts
    Honey bee
    • Wedding: July 2012

    Don’t feel rushed. Everything in your own time, not everyone else’s.

    I was 31 when my ex and I bought our home. We rented for about 9 years after we got married because I was still in school and we wanted to pay down some student loans first.

    Post # 52
    Member
    7310 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    I was 23 when I got my first house. It was a 900ish sq ft town house with an unfinished basement. It had multiple layers of wallpaper in every room, and they had painted right over the wallpaper. Everything was a nasty yellowish cream color, the house had the original metal kitchen cabinets from 1954, didn’t have central air, and it was gross. But it was being sold to me by a family member so it was suuuuper cheap, my parents were my lenders, and it was mine. It may have been a total dive, but it was mine.

    Post # 53
    Member
    54 posts
    Worker bee
    • Wedding: May 2012

    My husband and I are 18 and 20, and we just finished building our home. 

    Post # 54
    Member
    2702 posts
    Sugar bee
    • Wedding: November 2011

    well i guess i was 23. Darling Husband bought it before we were engaged and had a joint checking account. We joined our accounts when I was 23 so now the house is both of ours

    Post # 55
    Member
    127 posts
    Blushing bee
    • Wedding: January 2011

    We were both 27!  Had to finish grad school and dental school for him and then save up the down payment before we were in a position to buy even in this buyers market.

    Post # 56
    Member
    2195 posts
    Buzzing bee
    • Wedding: June 2011

    My husband and I bought our first home (both previously rented/lived with parents) last year – we were 27 & 28. 🙂 We were a couple months away from our wedding, had a good downpayment and were ready to buy.

    Homeownership is a wonderful thing, good luck!! 🙂 🙂

    Post # 57
    Member
    90 posts
    Worker bee

    I bought my own home, by myself when I was 24.

    Post # 58
    Member
    684 posts
    Busy bee
    • Wedding: February 2010

    I bought my first and last home at 31. I will not be getting another one. It is too much work, too much hassle and not at all an investment. A lot of our money always has to sink into the house for some sort of maintenance. Definitely cripples our lifestyle.

    We were doing much better renting a gorgeous condo that was completely maintenance free and investing than we are doing now with this house. Once the mortgage is up, we are going back to renting and investing. My time is just too valuable to spend it on the house.

    Post # 59
    Member
    13095 posts
    Honey Beekeeper
    • Wedding: July 2010

    Darling Husband and I bought this past March when we were 25/24, respectively.

    My sister and her Fiance are under contract now and are 22/23.

    Post # 60
    Member
    2979 posts
    Sugar bee
    • Wedding: August 2011

    27 and Darling Husband was 28. Its a 1600 ft townhouse. We bought it brand new w/ white walls and very generic lighting and appliances, so we’re adding character to it before we sell in a few years.

    Post # 61
    Member
    5282 posts
    Bee Keeper
    • Wedding: October 2009

    We were both 26, we bought our home 6 months after we were married. 

    The topic ‘At what age did you become a homeowner?’ is closed to new replies.

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