Newlyweds, Part 2 – The Case for an Investment Home


In the previous installment of this series, we touted the benefits of starting off your journey into home ownership with a so-called starter home. But what if you’re ready to invest in a home that you’ll stay in for even longer?

Why choose a “forever home” vs. a starter home

The home buying process is an extremely subjective and personal one – so what makes sense for some people won’t be practical for others. Here are some reasons you might want to consider building or buying a forever home on your first go-round:

Your “forever home” doesn’t cost that much more than the starter home you’d buy

If the difference is something you can save up within a year, it might be worth renting for just a while longer and holding out for your forever home.

You’re OK with adding on.

If you think you’ll need more space in the future, factor the cost and time for a renovation or addition to your smaller home into your decision.

You don’t plan on changing location.

For the folks that can’t imagine ever moving to a different area, even if your job situation changes, a forever home might make sense if you find something you love in the perfect area. Pay attention to the school system if you plan to have (or already have) children. Some people like the sentimentality of living in one home their entire life and having a place their children always call “home.” Explore our new home communities in the Oklahoma City or Tulsa metro areas.


You really, really know what you want.

Some people need to learn by trial-and-error – maybe hardwood sounds great, but you end up hating it in the bedroom and living room. But if you’ve done a good bit of renting and/or moving around already and you have a very good idea of what you want, and can afford it, a starter home might be redundant and actually cost you more money in the long run if you have to remodel.

Your current (and future) finances can handle the cost of living.

Handling doesn’t mean scraping by – it means managing with a bit of wiggle room. Don’t forget to add the cost of living to your house payment – including utilities, maintenance fees, and insurance. If you don’t have any (or much) debt and don’t plan to take on any considerable debt in the near future, buying a forever home right now might be doable for your family.

The price is right.

If home prices are good, as well as interest rates low, a home for the future might be the best choice to make right now. Long term, Real Estate prices are always rising, even though they fluctuate short term, and interest rates are at the lowest point in 40 years. A bigger purchase now, may save you money in the long run.

Again, the starter home vs. forever home decision is incredibly subjective – and especially delicate to navigate for first-time buyers! We suggest loving any home you buy – and making sure you wouldn’t mind staying in it for more than a few years. In reality, most home owners move every 5 years, so don’t be afraid to make a decision. You can always move up or down to fit any changing circumstances.

Click to continue with Part 3.