For some, adulting means buying your own groceries and learning to fold a fitted sheet. But for others whose sights are set on such an aspiration, the real first milestone of adulthood is buying one’s first home.
Becoming a homeowner may grant you the freedom to do things your own way, but it’s not without its share of responsibilities. After all, buying a home is a life-altering decision that requires preparation and plenty of reality checks. Are you truly prepared for how your life will change when you finally own the house of your dreams? To help you ascertain your choice, here are some big changes that you should expect:
You’ll Change Your Lifestyle
One of the biggest transformations that will happen when you finally get your own set of house keys is a lifestyle change. Urban dwellers who are migrating to a more serene rural setting, in particular, can expect major adjustments to their daily routines.
If you like the conveniences of your urban city life but also want to live more purposefully and intentionally, becoming a homeowner in a lovely suburban development can help you achieve the most positive of lifestyle changes. Once you make good on your search for a house and lot for sale in Lipa City or another location, you’ll be able to live a more convenient and laid-back lifestyle while being peacefully close to nature.
You’ll Become More Financially Aware
Before even considering buying your own home, you may have already had a change in your financial awareness. For example, if in your early adulthood you had a “YOLO” or “you only live once” type of philosophy, you are now probably more practical and careful about how you spend your money.
Being a homeowner will strengthen that sense of financial awareness. As one of the most expensive purchases you’ll ever have to make, a home can take up a lot of your savings and future earnings. You can definitely expect to make more difficult decisions, such as prioritizing your mortgage over a European vacation or a new car.
When you finally do get to own a home, the spending won’t end there. You’ll have to set aside funds for repairs and maintenance, tax, homeowner’s association dues, and more. Supplement your growing sense of financial awareness by learning a skill like budgeting so that you can afford to live comfortably in your home for a lifetime.
You’ll Have to Be More Responsible for Maintenance and Upkeep
Without your own home, there may be a lot of things that you didn’t realize you took for granted. Perhaps you grew up with your parents solely dealing with home repairs, or you got used to calling your landlord or super to fix issues such as clogged drains or leaky faucets. But now that you have your own home, expect to deal with sudden repairs and regular maintenance tasks like these yourself.
Sometimes, one needs a reality check when thinking about what kind of home suits one’s personality and capabilities. For instance, you may dream about having a large backyard where you can plant fruit trees and tend to a vegetable garden. But even if you have the means to acquire this vast land, you also need to put in extra hours of work to maintain your dream garden, mow the lawn, and trim the trees.
Of course, you can hire somebody to do these things for you, but you do still have to be there to oversee the operation and make sure they are doing the work you expect. In addition, the daily maintenance of such a large plot of land can take much more of your time than you realize. Take these things into consideration when choosing the size, property type, and location of your first home.
You’ll Take More Pride in Your Home
It’s only when you finally possess your own home that you may feel a sense of pride in your accomplishment. In this day and age, it’s admittedly difficult to save up for a home. That’s why, when you finally insert the key and open your home’s door, it will be only fitting to acknowledge the hard work that led you to this moment.
As with anything that gives you joy, you may express this appreciation by taking care of your home and enhancing it using high-quality furnishings. By then, you’ll probably have a deeper understanding of why your parents took the time to mow the lawn perfectly or clean every nook and cranny of your childhood home.
You’ll Experience More Peace of Mind
In the end, all the blood, sweat, and tears will be worth it when you finally pay off your mortgage and own your home outright. The peace of mind that it brings is priceless—there will be no more need to worry about rent or monthly payments, and no danger of getting foreclosed or evicted.
It can also bring you comfort to know that if you have kids, they will have a place to come home to when things don’t go as well for them. Indeed, the feeling of safety and security that comes with owning a home can transcend a generation.
Once you become a homeowner, it will be absolutely liberating to have your own space and set your own rules. As long as you understand how this decision will change your life, you should be ready to answer the challenge of owning your very first home.