We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies.More info
Juan Real Estate GroupJuan Real Estate Group
Call Us:

(978) 581.0801

Message Us:

[email protected]

  • Meet The Team
  • Testimonials
  • Schedule a Call
  • Read Our Blog
  • Seller Experience
  • Free Home Valuation
  • Our Marketing Strategy
  • Buyer Experience
  • Search for Homes
    • Call Us:

      (978) 581.0801

    • Message Us:

      [email protected]

    Featured Image

    5 Benefits of Buying a House While You’re Young

    “Millennials aren’t Buying Homes”  “Millennial Homeownership is on the Rise”  The truth is… you’ll see conflicting...

    • Juan Murray
    • October 2nd, 2018
    • 4 min read

    “Millennials aren’t Buying Homes” 

    “Millennial Homeownership is on the Rise” 

    The truth is… you’ll see conflicting headlines all over the internet. BUT, we’re not here to bore you with statistics about whether or not the 75 million millennials in this country are or aren’t buying homes. Instead, we want to tell you the honest reasons of why they SHOULD.

    Money, Money, Moneyyyy!

    If you’re truly looking to MAKE money early on in your real estate journey and don’t mind sharing your space with others, being a landlord might be for you. Once you purchase the home, you can actually rent the individual rooms out to your friends. In most cases, your mortgage will be significantly less than the cost of rent and it’s possible that your friend’s rent would cover the entire cost of the mortgage and then some! In this scenario, you would either be making money or at least breaking even.

    The Future Is Now

    The very first home you ever buy MIGHT not be your dream home - and that’s okay. Chances are you will live there for a while and eventually rent it out to Gen Z or Gen Alpha tennants. This gives you the opportunity to have someone else pay your mortgage and over time, earn passive rental income.

    Even if you’re unsure of exactly where you want to end up permanently, (as many millennials are) buying in most markets makes a lot of sense. If you spontaneously decide you want to teach English in China or be an au pair in London, you can easily rent out your home. Just be sure to set aside some extra cash for unexpected repairs because you’re #Adulting now.

    2,4,6,8 All the Homes Appreciate!

    It’s pretty much a given that most homes across the country not only hold their value, but also increase steadily over time. One of the benefits of buying young is that you lock in the current price of your home and then watch its value rise over the years. Home values in the United States have gone up 8% in the past year alone and are predicted to keep increasing. Sure, there might be some waves over the years but by the time you’re ready to sell or retire, your home could be worth A LOT more than you paid for it if you bought while you were young.

    Real Life Pinterest Board

    When you buy at a young age, it gives you the opportunity to customize your space and really settle in a lot more than you could while renting. As a millennial, you have most likely lived in a few cramped dorm rooms with your belongings in plastic tubs and in apartments with your mattress on the floor because you never felt 100% settled enough to buy a bed frame. It’s a great feeling knowing you won’t have to move again for a while and that you can really make that new space your own. Want to fence in your backyard for your fur babies? Go for it. Want to build an awesome back deck so you can host parties? You can do it! When you’re the landlord, you make the rules.

    Stairway to Wealth

    Let’s face it. You will need to live SOMEWHERE for the rest of your life. So it’s a good idea to start building equity young so that you can own your home free and clear someday as you prepare for retirement. You could easily spend half a million dollars or more renting for the next 30 years of your life and have nothing to show for it. Subsequently, it’s no surprise that 8 out of every 10 millionaires own real estate and that renters ultimately make landlords rich. If you have a stable income and want to make the best investment possible for your future, buying a home is a no brainer in building wealth.

    If you're pumped after reading this but nervous about saving for a down payment, don't worry.

    Even though it’s recommended to put down 20%, some types of loans only require anywhere between 3-5% down. We know that buying young isn’t for everyone, but we want to guide you to make the most informed decision and the one that’s best for you.

    Questions? Just Ask!

    Author Photo
    About the author

    Juan Murray

    (617) 721-0961
    • facebook
    • instagram
    • linkedin
    Juan got his start in the residential real estate market in 1994 and has never looked back. His mission is to provide excellence to his clients, and he is always looking for ways to improve the real estate experience for his clients and colleagues in the industry. Early in his real estate career, he worked as the Housing Rehabilitation Director for a national non-profit organization, Neighborhood Assistance Corporation of America (NACA). His goal was to gain more knowledge of the construction and renovation of existing homes in conjunction with working with 1st-time buyers. He effectively managed over 25 residential construction project managers on the East & West coasts while implementing procedures to improve communication between contractors, property owners, and banking representatives. He also developed resources, designed processes, and organized all aspects of real estate property acquisition and renovation. Juan completed a home inspector licensing course on his way to becoming a licensed home inspector. But after completing 30 inspections as an apprentice observer, after crawling under numerous porches and “crawl spaces,” he decided it wasn’t his cup of tea. Juan has always had a sharp eye for market trends and an innate understanding of what his clients need. That’s why, as a top real estate agent in Boston, he is constantly ahead of the curve, anticipating changes in the market and helping his clients manage their real estate goals. His keen intellect, quick wit, and tireless work ethic make him an invaluable partner for anyone looking to buy or sell property in the Boston area (or via his referral partners worldwide). Although Real Estate is a large part of his life, it is not the only part. He loves hanging out with family and friends, being in the kitchen, enjoying great food, anything Apple or Cole Haan, gadgets, great cigars, F1, motorcycles, photography, and traveling (to name a few). He lives with integrity and tries not to take life too seriously.

    Similar posts like this

    Is Your Listing Photoshoot-Ready? 7 Overlooked Details That Matter in Boston

    Most buyers see your home online before they ever step inside. Use these 7 often-missed tips to make sure your listing p...
    Read more

    New Massachusetts Home Inspection Law: What Buyers and Sellers Need to Know in 2025

    Massachusetts’ new home inspection law goes into effect October 15, 2025—changing how offers are negotiated in Boston re...
    Read more

    Backyard BBQ Season Is Here: 8 Easy Tips for Hosting the Ultimate Summer Party in Boston

    Hosting a summer BBQ in Boston? These 8 stress-free tips will help you throw a laid-back, memorable backyard party—no fa...
    Read more
    Juan Real Estate Group

    Juan Real Estate Group

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    Call Us:

    (978) 581.0801

    Message Us:

    [email protected]

    Footer Links

    • Meet the Team
    • Testimonials
    • Schedule a Call
    • Read Our Blog
    • Sellers
    • Get Your Home's Value
    • Search for Homes
    • Buyers
    Privacy Policy

    Juan Real Estate Group © 2025

    Powered by