Interested in buying your first home but are too intimidated by the cost? The mortgages that come with most homes on the market are inaccessible for so many people. Thankfully, there’s a solution that’s allowing more couples and families across the country to afford their own home – budget homes.
Unfortunately, there are so many misconceptions and incorrect assumptions out there about budget homes. We’re here to set the record straight about this fantastic affordable housing solution. Here are five of the most common misconceptions about budget homes.
1. They’re Unattractive Inside/Outside
When people hear the term budget homes, they sometimes imagine a shack with shattered windows and doors barely attached to their hinges. It should go without saying that that’s a drastic departure from what the average budget home actually looks like.
Budget homes come in all shapes, sizes, and architectural styles. There are ones you’ll think are gorgeous and others that won’t suit your tastes. In that sense, the experience of finding the right budget home for you is nearly identical to looking for “non-budget” homes.
2. They Have Constant Maintenance Issues
Another common misconception about budget homes is that they have a litany of maintenance issues. There’s an assumption that these homes have constantly backed up toilets, faulty electrical wiring, pest control problems, and other unsavoury problems. Thankfully, that’s far from the truth.
Budget homes don’t cost less because they need major repairs, have terrible plumbing, or anything like that. There are various reasons as to why they’re more affordable that have nothing to do with the actual quality of the house. These include location and the eagerness of the owner to sell.
3. They Don’t Improve Your Quality of Life
Unfortunately, some people aren’t aware that budget housing is even an option. Many who are aware don’t genuinely consider it because they assume living in a home of their own won’t have a meaningful impact on their quality of life. The reality is, having your own home has countless benefits in comparison to staying with family members or living in apartment buildings.
Living in a more affordable house is linked to improved mental and physical health, better family dynamics, and an overall increase in happiness. Children who live in homes as opposed to apartments or units also have more freedom to explore new interests and hobbies, and they may even join more school activities in athletics or the arts.
4. They Prevent Upward Mobility
Some assume that putting your money into a budget home will inhibit your ability to upgrade to a nicer or larger home in the future. That’s not the case. The whole point of buying a budget home is that you don’t have to worry about having an overwhelming mortgage that negatively impacts your life.
If you hope to move into a larger, more expensive home years down the line, it’s completely reasonable to live in a budget home first. This will allow you to live and grow in your own home while also saving for your future.
5. They’re Embarrassing or Shameful
We’ve already established that budget homes can be beautiful, fully functional, and a major improvement on the quality of life for both children and adults. What’s embarrassing or shameful about seeking out a better life and new opportunities for yourself and your family? Budget homes are as dignified a housing solution as any overpriced suburban home.
Anyone who passes judgement on someone based on where they live is very misguided. Nowadays budget homes are built by high quality reputable builders with the only difference being an emphasis on necessity over luxuries. Your budget home will likely have plenty of nice features that some non-budget homes don’t have. The difference between the two is really not so significant that it should be eliciting any feelings of shame or embarrassment. After all, buying a home is supposed to be fun, exciting, and a source of pride!
Contact Us to Learn More
Think a budget home could be the housing solution you and your family are looking for? We’d be happy to provide you with more information. If you have any questions about budget homes, please don’t hesitate to contact our friendly team.