Should You Shop for a Starter Home or a Forever Home?

The home buying process is filled with a series of decisions, but the hardest one new homeowners face is whether they should buy a starter home or a forever home. Starter homes are typically smaller, more modest condominiums, townhomes, or single-family homes that you may eventually grow out of. On the opposite side are forever homes, which are homes you can see yourself living in for several years. Forever homes come in all shapes and sizes, depending on the homeowner’s personal preferences.

Deciding whether you should search for a starter or forever home is not a decision you can make in one night. It takes careful consideration of your budget, future plans, and the home’s location. Thankfully, you don’t have to make this decision on your own. Our real estate agents are here to help. We’ve created a list of questions you can ask yourself to determine if buying a forever home or starter home is right for you:

Homes do not always fall into the starter home vs. forever home categories. Sometimes, a starter home may be bare-bones, or it may contain features that make it more like a forever home, such as multiple bedrooms and an expansive backyard. The important thing to do while buying a house is to keep an open mind and have fun. You may be surprised by the place your real estate agent finds for you in your price range and decide to make it your forever home.

Whether you’re a first-time home buyer or looking for a second home, The Mike McCann Team can help. We can show you a variety of properties, from condos on the Main Line to historic homes in Fitler Square, based on your budget, preferences, and future plans. Contact us today to begin your home buying journey.

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