If buying your first home is one of your goals for 2021, this post is perfect for you! Here are the best tips to help you make the right decision and turn that dream into reality.

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START EARLY

Buying a house or apartment before turning 25 is a fantastic idea. Why? Simply because property values tend to rise over time—just like most things. So whether you plan to live in it or not, your investment will grow in value as the years go by.

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WHY OWNING YOUR HOME IS A GREAT INVESTMENT

Having your own home not only gives you a space you can personalize and modify to your taste, but it can also generate a steady monthly income if you decide to rent it out.

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CHOOSING THE RIGHT TYPE OF HOME

Young people have varied needs. Generally, they may not have children, but might have a pet, work from home, enjoy gatherings with friends, seek privacy, and still want a sense of community. Choosing a property that balances these needs isn’t easy.

That’s why developers like Mendebal focus on bright, natural, multi-purpose spaces with excellent common areas that suit the lifestyle of young adults looking for a modern future.

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MAKING A SMART FINANCIAL PLAN

Nowadays, young adults are exposed to a lot of information—and many opportunities to take on debt. That’s why managing your finances is essential. A great approach is the 50/30/20 rule:

• 50% for essential expenses
• 30% for personal spending and leisure
• 20% for savings, including saving for your future home

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HOW TO CHOOSE THE RIGHT PAYMENT PLAN

If you’re buying a property to rent, paying it off quickly is ideal. If it’s for personal use, there’s no rush—but be mindful of interest. Making extra payments toward the principal can significantly reduce your repayment period.

By keeping these tips in mind, you’ll be ready to choose your first home and make your first big investment.

Discover Mendebal’s projects by clicking here, and let’s take this exciting first step together!

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