There's a new new home-buying trend for Gen Z: "Houses before spouses"
Stephanie Douglass, 35, and Kristina Modares, 34, started a real estate agency that specializes in helping millennials and Gen Z buy homes with their friends. They say “Our mission is to remove those barriers and make it feel possible for women to own homes before they’re partnered – to look at it as more of an investment.”
PROS:
- You can get approved for loans faster
- You can work together for down payment
- Use the properties as an investment.
If you do decide to buy a home with someone you are not legally tied to, from personal experience, PROTECT YOURSELF just in case the relationship goes south. Make sure you have some sort of legal agreement beforehand.
Source: NYPost