What are the Differences Between a Starter Home vs. Forever Home?
If you are interested in new construction homes in Lehi, Utah, you may be wondering what sort of residential property is right for you. In some cases, a starter home is a smart choice, while other circumstances are right for buying a forever home. Either way, this area of the state features an abundance of solutions, as McArthur Homes continue their generations-long legacy of building world-class properties across the region. Our experts explain the differences of a starter home vs. forever home and also explain the benefits of both.
What is a Starter Home?
This type of property is ideal for young business people who are launching their careers or recently recruited professionals who are new to the area. Starter homes are also perfect for young folks who are just beginning to start a family. In these instances, a townhouse in a community such as Rockwell Ranch Townhomes is a great choice. These are multi-level, three-bedroom properties with plenty of space and amenities for busy people who do not need a whole lot of room to meet their everyday needs.
What is a Forever Home?
A forever home is a right choice for a family that is ready to find a home they intend to live in for a very long time. A forever home is ideal when your professional career has stabilized and your growing family has decided to settle down into a specific area. This homebuying choice usually happens after you have already owned a starter home which, in many cases, can be used to leverage the purchase of your forever home.
Advantages of Buying a Starter Home
Buying a starter home is a great solution for people who are ready to buy, yet may have a limited budget. A starter home can be acquired with a modest down payment and can include manageable monthly overhead such as mortgage payment, utilities, HOA (Homeowners Association) dues and property taxes. This can allow a buyer to save money towards making a sizable down payment on a forever home when the time is right. This situation is also an ideal choice for young adults who are building their careers and are not necessarily interested in spending time and money on the upkeep of a large property.
A starter home involves minimal commitment, especially in a community such as Rockwell Ranch Townhomes – the latest in new construction homes in the Lehi Utah area. The grounds surrounding these properties are cared for by the resident HOA maintenance team – leaving owners with extra time for working, relaxing or exploring the many recreational attractions across the region. This type of home can also allow you to experiment with various approaches to interior decor and design to help develop your own personal sense of style and discover what appeals to you most.
Benefits of Purchasing a Forever Home
This is the ideal situation for when you are ready to truly create your residential living masterpiece. Your forever home can be a reflection of your personal tastes and preferences and as the long-term owner, you can customize your property to suit your every need. This is where you can put down roots that can flourish for generations and where you can create a place that an entire extended family can call home. Also, you can express your unique sense of style with an exterior landscape design that speaks to your personal sensibilities. You can help build the personality of a neighborhood and the character of the surrounding community by settling in for the long haul.
Your forever home can accommodate a growing family while having plenty of room for holiday guests and visiting relatives. Further, such a property is an excellent long-term investment that can work to your financial advantage for years to come.
Let McArthur Homes Help Find You Your Perfect Home
If you’re thinking of buying a new home in the Utah County region, McArthur Homes is a great place to start. We have been building homes in this area for generations and our experience shows in the quality of our properties. Whether you’re looking for a starter home or something more permanent, we have a wide variety of options to choose from. Contact us today to find out more about what we offer and let us help you find the perfect home for your needs.
This post was written by Paige Giles