12/08/2023
‼️Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach?
🤯 Nearly two in five (39%) of US Adults have a side hustle.
‼️ 53% are GenZ. ‼️
➡️ There are two strategies that can not only make homeownership more affordable in the short term, but turn it into a lucrative side hustle that can pay off down the road.
➡️ Transforming the Challenge of a “fixer-upper” into an Opportunity
✨By opting for a home that requires some work, you may see two big benefits. For starters, you may find it’s easier to find a home because you’re not looking for that perfect option. Plus, it may also help you enter the housing market at a lower price point. This strategy provides a more affordable way to become a homeowner while also offering the potential for future profits.
➡️Renting Out a Portion of Your Home to Make It More Affordable
🤯 55 % of Millennial buyers find it very or extremely important to have the opportunity to rent out part of their home for extra income while living in it.
✨Basically, it can help you afford your monthly mortgage payments. So if you’re open to it, renting out a portion of your home not only helps with affordability, but it also positions you as an investor and turns your home into a source of income.
💪🏽 In the face of today’s affordability challenges, both of these strategies offer more attainable paths to homeownership, especially for younger buyers.
👏🏽 👏🏽If you want to discuss these options and see how they might play out for you, let’s connect. I can help walk you through all of your options!
✨Deven Kale
📍Keller Williams Charleston SC
💌[email protected]