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Top 5 Reasons Why Millennials Choose To Buy Homes
According to Nerd Wallet's Millennials & Homebuying Study, "The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home."
93% of millennials agree the top reason they choose to buy is to have control over their living space. Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space.
Millennials also realize they will have control of their future decisions by using their monthly housing cost as a savings account that can be borrowed against in the future.
