Between 25 and 40 years old are the prime homebuying years when many people begin to form their own households and invest in real estate. Spending more time at home these days has caused a growing need for more space or upgraded features making moving more desirable than ever. For those millennials who already own a home, there’s an opportunity to move up.
Even if you bought a home sometime in the last few years, you may have more equity than you realize and that’s a big factor to consider when you are thinking about moving. As equity builds over time, it can be put toward the down payment on your next home. In addition to equity gains, today’s housing market affordability is powered by record low mortgage rates.
If you’re a millennial thinking about moving this year, you’re not alone. Let’s connect to shed light on the equity you have in your current home and the opportunities it can create.
Contact me Ben Keeney at 203.313.0013