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    8 Things That I Learned When I Settled On A Starter Home Instead Of My Dream Home

    There have been some frustrations, but I'd still do it all again.

    Three years ago, my husband and I bought our first home. I had always wanted to be a homeowner, and it seemed like a great time to buy. Interest rates were low, and there were plenty of options in the market, but still, I knew from the start that we weren't looking for our dream home.

    Cute ranch-style house in the suburbs

    Some people say that buying a starter home is not worth it, but if I had to make the decision all over again, I'd happily make the same choice. To help you figure out if a starter home could be right for you, I'm sharing the eight lessons that I learned from mine.

    Financial advice is definitely not one-size-fits-all. What's worked for me may not work for you. And given our current wild housing market, you might want to wait until prices cool down a bit to begin your homeownership journey. 

    1. Starter homes are generally less expensive, so choosing one made it easier for us to qualify.

    2. But a starter home is a trade-off. I had to settle for missing out on some features that I really want in my dream home someday.

    3. DIY skills are sooo helpful when you get a starter home. We're not super handy, but luckily our families helped out.

    4. But you probably won't be able to DIY everything, so a maintenance and repair budget is a MUST.

    5. Looking at our home inspection report more carefully and negotiating with the seller could have cut down our repair costs a lot.

    Inspector looking at a house

    6. I'm very glad we left some wiggle room in our budget to help us cover mortgage increases.

    7. Our home's value has already gone up, so it's been a great investment for us so far.

    8. Owning a home can be a lot of work, but I'm so glad we made the leap.

    Couple holding the keys to their new house

    Would you buy a starter home? Why or why not? Tell me what you think in the comments!

    And for more stories about life and money, check out the rest of our personal finance posts