How do you choose the right home buying strategy?

Buying your first home can be scary, but we are here to help you make sense of it all ❤️ A lot of Nestment buyers are surprised to find out there are so many ways to purchase their first home that can often make ownership more affordable. Real estate professionals have been using these same strategies for decades, but we made them simple and easy to take advantage of.

Finding out which one is right for you depends on a variety of personal factors that our home buying planners can help you with, but in general, strategies consist of two parts; Type of home and buyer profile. Depending on your goals and preferences you can choose a different combination of these that makes the most sense for you.

Below are the most common scenarios first-time buyers choose from. We’ve broken down who should consider which strategy 🥰

1) Type of home

Condo

Who should consider it

People looking for a lower price alternative to a home and don’t require as much space or privacy. 

Primary single-family home

Who should consider it

A great option for families, or soon to be families, who need more space and can cover the monthly costs of homeownership. 

Primary multi-family home

Who should consider it

One of our favorite options for people who live in expensive metros and can utilize extra rental revenue from other units covering their monthly expenses.  

Investment property (rentvesting)

Who should consider it

This is a great lower cost alternative for people who want to start building equity in a home but need to live in a high-price city/metro where it can take decades to save for a down payment.  

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2) Buyer profile

Buy solo

Why consider it

Buying by yourself means the equity you build goes directly to you! You are the captain of your ship. 

Co-buy (friends / family)

Why consider it

Dramatically lower your down payment and monthly cost of ownership. More buyers also means splitting responsibilities. 

Downpayment matching

Why consider it

Don’t commit ALL of your cash to purchasing your home. Give yourself some breathing room or get some help getting over the finish line saving for your down payment.

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Want help choosing your strategy with one of our home buying planner?