"Buying a house as an unmarried couple can be a smart financial move, especially as the cost of living continues to rise. More couples today are choosing to buy a home together before getting married because it makes financial sense, but it does come with a few extra challenges around mortgages, legal protections, and ownership. In fact, unmarried couples are the group most likely to struggle with housing costs- of those who live together report having trouble making payments."
"Before diving into the logistics of buying a home as an unmarried couple, you want to start with your vision and goals as partners. This early alignment helps avoid disagreements later and ensures you're making decisions as a team from the start. Questions to ask each other include as you begin browsing listings on Redfin: What type of property are you looking for - condo, single-family, fixer-upper? What location is most ideal for both of your lifestyles?"
Buying a house as an unmarried couple can be a smart financial move as living costs rise. Unmarried couples face additional challenges around mortgages, legal protections, and ownership and are more likely to struggle with housing costs. Partners should align early on property type, location, desired features, budget, and expected length of stay to avoid future disagreements. Full financial transparency about income, debts, and stability is essential to prevent misunderstandings and resentment. Discuss plans for remote work, household expansion, and how to resolve buying disagreements. Clear communication and agreements reduce risk and support joint decision-making.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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