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A Single Woman's Guide To Home Ownership

 
The traditional view of home ownership usually includes a married couple, but times have changed, and more and more single women are entering the housing market.  In fact, almost twice as many single women are purchasing homes than single men, and almost one in five homes purchased today are purchased by single women.  So why are single women making up such a large part of the housing market, and what are the special considerations single women should make when purchasing a home?
 
What Women Want!
 
The demographics of single women buying homes are quite diverse.  From young professional women in their 20s to divorced mothers in their 40s, there are really no typical single women making home purchases, and their needs are just as diverse.  Overall, however, there do appear to be a few trends in the market, and here is a list of what the average single woman is looking for in a new home. 
 
Most spend less than $200,000 
Prefer two bedrooms or more 
Less likely to choose new construction 
Will compromise size and cost to get other amenities, but not location 
Smaller spaces are acceptable, and many prefer condos 
Desire security and safe neighborhoods with a strong community feel 
Look for close proximity to stores, shopping, and fitness centers 
 
Things To Consider 
 
If you are a single woman looking to enter the housing market, or know someone who is, then what should be considered before making the leap into home ownership? 
 
Essentially the considerations are much the same as those of any homeowner.  Taking a realistic look at your financial situation is always important.  Seeking out the advice of a qualified financial advisor and a REALTOR® can make the process less difficult.  It is also important to be sure you are not entering into any unwise loan agreements that may not be wise down the road, such as no-money-down deals.  It is also important to have a clear picture of what your needs as a homeowner are, and that you don't settle for something that will not work with your particular lifestyle.
 
 

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What my clients are saying  

I'm a veteran and Rick Houston went above and beyond his duty as a realtor, he got the seller to put a new roof on the house.

 

~ Joe

Rick was my agent as both a buyer and later as a seller on the same house and was outstanding both times. As a buyer, he knew all the areas and what to look for and what to watch out for. He made efficient schedules to see all the houses I wanted and was very flexible with last minute changes. When I found the right place, he knew just how much to offer and negotiate for some concessions and repairs. So of course I called him back when I needed to move.

 

~ Mason part 1

Rick goes above and beyond as a seller's agent. He over and looked around to make suggestions on what we can improve in the time we had -- and then did them himself. He replaced my dead sprinkler pump and all of the old heads, had all of the trees trimmed up nicely, found a gardener to come by weekly after he added seed all around the house. Most impressively, he redid the whole planter in front of the entire house by pulling out an old dead tree, adding new mulch, and planting beautiful flowers that altogether gave the place dramatically improved curb appeal. He again knew how to negotiate with buyers and found the right ones and I couldn't be happier with how easy Rick made things. I could have gotten some random agent off of Redfin for a slightly lower commission, but they wouldn't have done any of that and I certainly would have sold for much less if I had done so. I would absolutely call Rick up again if I return to the state and recommend him to anyone looking for a Realtor.

 

~ Mason part 2

Rick was both very insightful and helpful with preparing our home for the sale. He transformed our garden to something you would see on the cover of Better Homes and Gardens. He made himself available to us around the clock. I would definitely work with him again!

 

~ Daniel

Rick is absolutely wonderful. We worked with him to sell our house and he made the experience as easy as possible. He really went out of his way to guide us through the selling process. Rick also managed to procure us our dream home in the midst of an extremely competetive market. I am forever grateful to him for all the time he spent working for my family to make that happen. He always took our calls and came to every inspection. Rick is honest and generous with his knowledge of homes. We felt confident buying a house with him. Cannot recommend him enough!!

 

~ Katie

Rick makes buying a home less stressful. He goes above and beyond to make sure you are taken care of. Recommend him 100%.

 

~ Donna

Rick was our agent when we bought our condo. He went out of his way to make certain the deal came through. He communicated well with the seller, finance company and COA to make things work. He was extremely responsive. Highly recommend!

 

~ Chris

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