Once on HGTV and now on Netflix, real estate TV show Buy Herself uncovers women purchasing real estate. The women in the market are mostly independent career-blazers who are shopping for their new home. Buying your first home can be extremely difficult, especially when you’re single. The truth is that it is possible if you want it bad enough. Hosted by the Canadian real estate agent Sandra Rinomato, she finds the perfect place for each client.
Each episode dives into what specifics each woman is looking for, and through careful research, Sandra Rinomato is able to find the right home, the perfect location, and a competitive price point.
In addition, with the rise of single independent women, an article in Bloomberg writes about how single women are buying homes at the rate of single men. Starter homes or one bedroom apartment complexes are perfect places to start. Remember, it doesn’t have to be a mansion on your first purchase. To build your wealth one step at a time, purchasing a starting place is the perfect way to start.
On one example, Michelle Jackson of Denver, Colorado purchased a one bedroom in a triplex for $75,000. Paying her mortgage down, and then upgrading to another home will allow her to rent out her starter home in the future and build another source of income. For Jackson, purchasing a home gave her more freedom to flourish.
“I’m not married, I don’t have kids. I can live alone, and fabulously. I feel empowered.”
Women home owners are on the rise. When purchasing a home, women in real estate tend to be more conservative and frugal when it comes to buying a place of their own. Not bad, if you are working to be smart with your finances, and not spread your debt to income ratio to wide when obtaining a mortgage.
In previous times, women would wait to get married to buy a home with their spouse, but in light of the growing independence and rising salaries for women, women now need a place of their own.
In reference to an old book by Virginia Woolf, A Room of One’s Own written all the way back in 1929 depicts the earlier century needs of women to have a place of their own. Back then, it was a very progressive book for its’ time, but now aligns with the values of our current times. Women do, and always have, needed a place of their own.
For those women who want to know more about real estate, but have been too scared to ask, check out Buy Herself to see women who have purchased their perfect homes. Make sure to research any area you are looking to buy a home in, research the local real estate agents, budget for closing costs, and make sure you have a plan. You can have a home of your own to complement your growing salaries, career, and independence. The women in Buy Herself did it, and you can too.
Danielle E. Brockman is a contributing writer for Secure Single LLC.