If there's a financial lesson to instill in children, it's to start planning their future as soon as possible. Not to deprive themselves all their lives, but to develop strategies to achieve their goals.
How do I do it?
Firstly, it is always advisable to start preparing as early as possible for this pivotal stage of adult life. Time is a resource not to be overlooked in financial planning. Good planning involves learning about the market, the processes to consider when purchasing real estate, and the associated related costs. When you know what to expect, it's easier to plan your savings based on actual costs. Additionally, several tools are available to plan annual expenses to stay within a savings budget. Again, the advantage of saving from a young age is to reduce the stress level among young adults who wish to leave the family nest in their thirties.
Finally, when you've reached your long-term goal and have the savings in hand, it's time to take action. You'll have enough for your down payment, welcome taxes, etc. Don't forget that the Quebec government offers a host of programs to financially support citizens. Take advantage of them!
Consult our article to discover all the programs that will help you become a homeowner : How can you finance your real estate dream?
Life is about compromises
Buying a house is no exception to the rule. Ideally, you should prioritize your priorities. It's important to be realistic and prepare to make compromises. What criteria are most important to you? Location? Outdoor space? Privacy? It's up to you!
It may seem out of reach, but buying a property in your thirties is accessible to anyone who plans for it. It's not without effort, but the game is worth the candle.
