A Single Woman's Guide To
The traditional view of
home ownership usually includes a married couple, but times have changed, and
more and more single women are entering the housing market. In fact, almost twice as many single women
are purchasing homes than single men, and almost one in five homes purchased
today are purchased by single women. So
why are single women making up such a large part of the housing market, and
what are the special considerations single women should make when purchasing a
What Women Want!
The demographics of single
women buying homes are quite diverse.
From young professional women in their 20s to divorced mothers in their
40s, there are really no typical single women making home purchases, and their
needs are just as diverse. Overall,
however, there do appear to be a few trends in the market, and here is a list
of what the average single woman is looking for in a new home.
Most spend less than
Prefer two bedrooms or
Less likely to choose new
Will compromise size and
cost to get other amenities, but not location
Smaller spaces are
acceptable, and many prefer condos
Desire security and safe
neighborhoods with a strong community feel
Look for close proximity
to stores, shopping, and fitness centers
Things To Consider
If you are a single woman
looking to enter the housing market, or know someone who is, then what should
be considered before making the leap into home ownership?
considerations are much the same as those of any homeowner. Taking a realistic look at your financial
situation is always important. Seeking
out the advice of a qualified financial advisor and a Premier Beach Realty Agent can make the
process less difficult. It is also
important to be sure you are not entering into any unwise loan agreements that
may not be wise down the road, such as no-money-down deals. It is also important to have a clear picture
of what your needs as a homeowner are, and that you don't settle for something
that will not work with your particular lifestyle.