The first home that you buy takes a lot of effort though it might not correlate with your dream home. A starter home can be described as a place that costs less and probably is smaller in size taking into account the affordability. When the finances are low and yet one needs to procure a house, they can opt for a starter house.
The advantage of starter house is that its maintenance charges are reduced and every month you would not be burdened with heavy bills. It can be bought as an investment at low price and sold when the market prices rise.
At the start of ones career it is difficult to make a decision whether you should invest in a house that you always wanted but is out of your budget or buy a temporary house until your finances are secured. It is a complicated decision that needs to be given immense time.
If one needs to restructure and re-model the starter house after buying it such that the costs can augment then it may not serve the purpose. If you are residing in a house for temporary purpose then spending on renovation may not be a wise decision. Thus when checking into a starter house, check for the minute details so that you do not have to over-spend.
Starter house may not be fruitful for an expanding family. As the house is small, accommodating many members would be difficult. On a long term basis it would be advisable to opt for a better place that can satiate all your needs while a starter house is appropriate for short term basis.
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