3 Tips for Fresh Grads When Looking for their Own Space

"Congratulations!"

"You just achieved another milestone!"

"You have a world of possibilities ahead of you!"

We're sure you've heard of those phrases when you announced to the world that you're graduating. We celebrate with you. And we'd also like to give you some sound advice if you're planning to find a new place to start your professional life afresh. 

These are 3 very practical tips if you're planning to get your own space right after graduation: 

1. Live with your family and prioritize saving. 

Yes it's not the most glamorous option, but the most practical. This option removes the pressure of adjusting to a new environment while navigating your way in your field's industry, whether it's job hunting or adjusting your lifestyle from being a student to a young professional. If you have the support of your family, grab the opportunity to make one major adjustment at a time until you're ready to pay for your own rental space. 

Want a smarter move? Stay long enough to save a place you can buy for yourself.

2.  Find roommates whom you can trust. 

Emphasis on roommates YOU CAN TRUST. These can be your roommates in college, new coworkers and people whom you know are responsible. This removes a big weight of worrying if you'll be able to pay for the rent because you know your roommates will all do their fair share. 

Just make sure there's a mutual agreement to pay on time and pay their share in full. Better put it in writing especially if your new roommates would be people you just met. 

3. Consider buying a rental property. 

Okay, so hear us out. See if you can qualify for a mortgage and buy the most affordable home you can, even if it isn’t your dream home.

Better yet, buy a multi-family house and live in one unit while renting out the others to help pay part (or maybe even all) of your mortgage.

If you can't do it on your own financially, ask for help from someone to co-sign or invest in a space with you. You never know what can happen until you try.

There are many more options that you can explore, but would require more details about you to fit your needs, lifestyle and capabilities. If you feel lost about finding a property, our team can help you out. Don't hesitate to call! Our number is 925-415-0835! 

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