Many millennials dream of owning a home, but worry about economic instability, and their own financial solubility. Many millennials were in a great position to observe the housing crash  a decade ago, and are therefore somewhat gun shy at the idea of jumping into the world of home ownership.

If you are trying to determine if a home purchase is on the horizon, here are a few tips to help put your mind at ease.

First, your decision about whether to purchase a home should largely be based on two factors. First, your creditworthiness and financial situation, and second, your future plans. If you want to purchase a home, a large part of the process will depend on things like your credit score and income. Saving up money for a down payment can be daunting but can help you to get the stability you need to forge ahead confidently. If your credit is poor, you may not be in a great position to look for home ownership. However, still do your homework. Talk to an agent and determine if there are options for you available.

The reasons that purchasing a home can be better than renting is that a home is one of the best investments you can make. With that said, you need to remember that homes are a long term investment. It is incredibly difficult to predict how a market might develop in 1, 5, or 15 years. With that said, the longer a period of time that passes, the better chances you have of making your investment pay off. So, if you are planning on staying in the area for at least 5 years, owning a home is a great choice.

This is also a great way to prepare you for your future. If you are looking to purchase your first home, you likely are just starting your career. You will learn what types of property you like, and what you want to avoid. Look for a property in a good area that fits your needs.

If you have questions, don’t hesitate to call today to talk to an experienced agent. Finding a home which fits you is the most important thing, and this is best done with the help of a professional. If you want to start a family, career, or simply want to invest, look into buying your first starter home today.