Should I get married before buying a house?

Question

I'm single, but I want to buy property. Should I buy now or wait until I meet a woman who wants to buy as well. I don't earn a lot of money at the moment, but I've got enough for a deposit. If I start renting this might get used up. Not sure what to do.

Answer 1

with house prices going up and up, if you can afford now, why not, if you want out of where you are living, but be warned its not easy, lots of things to consider with your own home and one wage.

but as you say renting will eat up your savings.

if you got a good enough home now, and not got to get out, even if its with your parents, keep saving the money up and whe yo met the lady of your dreams, and things get serious and you start taking about living together, she will likely be more impressed that you have money to get a good home, than if you got next to nothing and a run down home to live in if something happened and you struggled.

i've been married 15 years and my hubby was at his parents still and be brought together and then 10 months later got married, as it ended up that way, cause we got chance of a property with a discount if we brought then and there and as it happened had we waited house prices shot up and we couldn't afford when we did get married, then they dropped several years later. a risk you have to take.

but at least if the lady of your dreams comes along and you get to the live together stage and you buy together their will be 2 wages going in to the house hold if she works of course.

its up to you, you got to look at the costs of running a home, what could you afford, interest rates, could you afford the repayments if the interest rates rose 2% and so on, way up all the pros and cons. I'm assuming you are still young. have a chat with someone that can advise you and point out your best options, positive moves and the pitfalls and weigh up things.

best of luck and hope you find that lady of your dreams soon, probably in the most unlikely place when you are least expecting it. thats how it often happens and don't rush anything.

Answer 2

There's no better time than NOW to buy the property! God's not making any more land, and interest rates have been on the rise over the last year and a half as well. If you've got the money to make a deposit, one of the best investments you can make is in a home, not to mention it really is more of a buyers market today. Start earning equity today versus throwing your money away in rent! There are some good tax incentives to owning property as well!

Answer 3

I got married and we don't own anywhere. We live at his mom's house and we are now planning to save for a house which might take some time. If you want to get married you shouldn't wait on material possessions to make you look better or more attractive or whatever. As long as you have somewhere to live in the meanwhile, either home by her or by you, both of you can agree to it. Then you can move along with purchasing stuff that will belong to both of you. For those who can afford it though, it is not wrong to buy house and then get married. It all boils down to what the two of you agree to.

Answer 4

Absolutely buy a house-don't throw your money away on rent! A word of advice: be prepared to establish a new household when you marry. Make sure the house you buy is able to be re-sold (good neighborhood, not overpriced) or rentable for enough to make the mortgage payment. Your new wife will probably want to be a part of the new home selection process, but as long as you prepare ahead of time, it will work in your favor.

Answer 5

if you have the money for a house then i would say go ahead and buy now. there is no reason for waiting for miss right to come along. depending on your state she will probably need to be added to the deed once you are married. think of it this way: a house is an investment and will eventually be paid off, if you rent you'll owe someone else money for the rest of your life (or as long as you live there). houses almost always appreciate in value and as a result you will one day line your own pockets with extra $$$. if you rent then you are lining someone elses pockets.

Answer 6

Good Question! And I would recommend yes, buy property now, while you can. Even if you don't live in it, you can always rent it out. The rental income which you receive should be enough to cover the mortgage, which should give you enough to invest in more property. Also if you buy a fix-it-up at a lower price, you would be able to resale - after a little work - at a profit, if you wanted to.

Answer 7

I would buy if you can afford it. keep in mind that is a significant asset which you should protect with a prenuptial agreement, when the time comes. And come on, a man with his own house? what could be more attractive to a woman? When you meet the right girl, she may not like your place or it may be too small, but you can always sell,and buy another. no big deal.It's a good start.

Answer 8

dont rent..whatever you do, dont. Its a waste of money and if renting from a private party (such as an elderly couple) it doenst help your credit score.. What about purchasing a house and having a friend move in and pay you rent? It'd be cheaper housing for him, and improving your credit score... Thats what my boyfriend did. And the two of them are cool with it.... Or you could wait till you meet the right woman, but itd look better if you started something like that without her, to show her u are responsible... ey ey??? : )

Answer 9

Go ahead and buy the house, start investing instead of giving someone else money for nothing. Don't wait until you get married to make decisions like that. Houses last much longer than most relationships anyway.

Answer 10

Buy now!!! The woman will help once she comes into your life but for now, don't waste money renting! Great investment for the future. Plus you'll have better luck of landing a good quality woman when she sees that you're stable and responsible! Good Luck!