Starter Home Benefits

About Mrs. O.

This blog is for the average woman. The everyday woman. The budget friendly woman. The woman who can only spare 40 minutes to get herself ready in the morning. The working woman. The vivacious woman. The woman who wants to be healthy, confident, and beautiful. 

With still so much to accomplish, I have realized how much my story and daily routines have the possibility of sparking sharing amongst women, and the ability to help someone else.

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From The Desk of Courtney Okanlomo:

Starter Home Benefits

Over the past 10 years, we have all witnessed the real estate market crash and re-build itself in an extremely impressive timeframe, thusly confirming its considerable contribution to the wealth of most Americans today. Purchasing real estate, whether for investment or personal purposes, is one of the single most sought after ways to build savings and equity over a period of time. In fact, many Americans claim that their starter home purchase single-handedly saved their financial life.

One of the largest misconceptions about purchasing property, is that you can't spend less than $200,000 on a 'quality' property. This is simply untrue. For example, look at these beautiful starter homes currently listed here in the Houston area

    i. Kings Chase Drive; Houston, TX - $150,000 - 4 Bedrooms, 2 Baths

Open concept floor plan...

    ii.  Sweet Olive Drive; Tomball, TX - $150,000 - 4 Bedrooms, 2.5 Baths

Beautiful 2 story home with large backyard...Updated kitchen with stainless steel appliances...

    iii. Audubon Hill Court; Houston, TX - $140,000 - 4 Bedrooms, 2.5 Baths

2200 square foot home with covered back porch...Quaint kitchen with lots of cabinet space...

Beautiful homes, right? Studies have shown that properties purchased for less than $200k tend to experience the most appreciation in the shortest amount of time. This appreciation ultimately translates to equity, which is very tangible when you go to sell a property. 

Moreover, starter homes make the perfect rental investments in many cases. The mortgage payment is usually relatively low, and the size of the home is fitting for a small family or single individual that wants more space than an apartment can provide. The profit and savings of building equity, selling the property, or even renting it, all have the ability to extend endless financial opportunities.

Are you considering purchasing your first starter home? Or perhaps a home under $200k that would be ideal for renting out regularly? Contact me today to get started on these goals! 

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