I bought a house at 26 as a Single Mom | Repairs, Regrets, NOW WHAT?

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  • čas přidán 7. 06. 2024
  • I bought a house at 26 as a single mom | Repairs, Regrets, and the Long game. Pros & Cons of Homeownership as a Single Mom | Repairs, Regrets, and the Long game. I bought a house at 26 as a single mom and here is my 4 year update. Raw and transparent feelings on homeownership. It is not for everyone and that's ok. I give my opinions on homeownership thus far as well as my thought process on being a homeowner in the future.
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    0:00-1:20 - New Construction homes
    4:40 - REPAIRS in the first 4 years
    11:30 - What is your end GOAL as a homeowner
    12:40 - Rent vs Mortgage
    13:30 - Long term investment
    14:55 - KNOW yourself
    16:17 - Real estate & building a portfolio
    17:05 - Do I enjoy being a Homeowner?
    17:45- Should you buy a house?
    21:38 - What are your thoughts?
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    #Homeownership #Singlemom #Mercadezmichelle
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Komentáře • 18

  • @jasminewilliams3415
    @jasminewilliams3415 Před 4 měsíci +5

    I’m a single mom & I close on my first home in 43 days I’m excited however also a lil nervous about this big life decision. Trusting God to continue to bless what he’s blessing me with! Love this video

    • @MercadezMichelle
      @MercadezMichelle  Před 4 měsíci

      Yes, congratulations 🎊🎉 trust God & give him the glory. It is a big life decision take it in and remember to enjoy it.

  • @AleishiaJ
    @AleishiaJ Před 4 měsíci +2

    This was very insightful and informative. Thank you 🙏🏽

  • @marij3583
    @marij3583 Před 4 měsíci +1

    ❤I purchased my home in the early 2000’s (as a single mom). I must say almost 17 years later it has been a lot of ups and downs. However, with the rent being so high now, going back to that is not an option. At the end of the day I would like to buy again but, with the high interest rates and the down payments; it’s not an option either at this time. I’m almost 50 years old so not sure what’s next for us… Thanks for sharing!❤

    • @MercadezMichelle
      @MercadezMichelle  Před 4 měsíci +1

      I’m sure it has a been a journey. One thing about the future we can’t predict it we can only prepare for today and try to make wise decisions. It’s a blessing to be able to hold down your home for 17 years. ❤️

  • @samantarizzi248
    @samantarizzi248 Před 4 měsíci +1

    I wish I had money to buy a home. I don’t want to rent forever but that’s the only way right now to have a roof over my head. This was a very interesting topic to discuss. I’m really enjoying your content :)

    • @MercadezMichelle
      @MercadezMichelle  Před 4 měsíci +2

      That’s the important part simply having a roof over your head these days is a luxury. That’s why I think the whole rent vs mortgage argument isn’t necessary.

  • @KelseyOnSocial
    @KelseyOnSocial Před 4 měsíci

    I’ve made the executive decision to rent with my daughter. The amenities and security sold me 😩

    • @MercadezMichelle
      @MercadezMichelle  Před 4 měsíci

      It is a great decision. You have to put your wants and desires above all. I said when my daughter graduates I’ll probably move into a townhome.

  • @dimi.love.co.
    @dimi.love.co. Před 4 měsíci

    Lovely video. Very informative and helpful thank you❤

  • @SolH2OYachts
    @SolH2OYachts Před 4 měsíci

    Appreciate the breakdown as im considering home ownership

  • @Bouji_Jewelz
    @Bouji_Jewelz Před 4 měsíci

    Girl these taxes and home insurance have me in a chokehold and I literally cried the other day when I found out my home insurance went up yet again. As a single mom owning a home can be so overwhelming. But like you said, it’s not like it’s any better renting. I feel like a rock in a hard place. Send help. lol

    • @MercadezMichelle
      @MercadezMichelle  Před 4 měsíci

      Yesss! It can be. It’s like you can’t catch a break whether you rent or own both can be a headache. But we got this! 💕

  • @shawnyanceyroadtrekowner.7193
    @shawnyanceyroadtrekowner.7193 Před 4 měsíci +1

    Great insight. Buying a home is a task within itself. They're good investments (especially when its cold outside like where im located)but can be a headache. But at the end of it your possibly forgetting one thing. After buying and paying off a house. Some may have to get a roof. Which may be a lein placed on the property until its paid back. Unless you pay in cash because roofs with added home repairs can be an additional cost to the property. Owning is ok just paying taxes and insurance. But minor things could happen as well. And a leaky roof could cause thousands in damages and possibly force someone out of their investments. Thanks for the video. Ive commented before and said that it is better with multiple incomes. But multiple people could be a crowd. And who wants to open their home to strangers who probably won't respect the homeowner rules and or destroy their property out of anger. I feel you on not wanting to rent to a outsider. Congratulations. Stick with your goals, pay off your home. Do it for yourself Mercedes.

    • @MercadezMichelle
      @MercadezMichelle  Před 4 měsíci +4

      Yes, that’s why I wanted to mention many times that repairs will come about. They are going to happen Roof, HVAC, water heater all big time repairs that have to be considered. In the same breath you can consider your Equity and make repairs with earned equity in your home that you may have. It is going to happen but my sentiments still stand. With anything you own in this life you will hold the responsibility of taking care of. Thank you for watching as always 💕