Where you live and how you live are intrinsically connected. You can’t have a life filled with nights out on the town if you live in the middle of nowhere. You also can’t have a night filled with nights on the town if you are paying a hefty amount of rent each month either!
When you are young and choosing where to live, you should think carefully about the sort of lifestyle you are going for but you also need to think about what is practical right now. Though you might be after a large detached house in the suburbs with a partner and 2.5 kids, that might not suit your budget or lifestyle right now.
Thinking about the future is sensible but don’t sacrifice the present to get there.
If you want to get on the property ladder and you have a deposit ready, buying is a great investment. Even if you aren’t looking at your forever home, setting down roots is a brilliant way to sure up some cash and enjoy a steadier lifestyle.
Where you can buy is always going to come down to the cost and the location. You may have to compromise a little on each but if you are open-minded, your search can come up trumps. Going for a condo could be a great option if you want to ensure that your surroundings are lovely without any effort and you can visit GridironCondos.com to learn more about the benefits of condo living.
Though homeownership gives you a great investment, there are lots of benefits of renting that are worth considering. Yes, you are giving a landlord your money but you get the advantage of paying less up front, not having to worry about maintenance and you can up and leave as life takes you to other places.
Renting is ideal if you aren’t quite ready to set down your roots and you are interested in living in a few different places before you settle down. It’s also great if you want to get out of your parent’s house before you have a deposit ready. Renting is a brilliant way to test out an area too and renting before you buy is a smart way to see whether the location suits your lifestyle.
There are no rules anymore and with the rise of digital technology, you don’t even need to have a permanent residence in order to have a great lifestyle. The rise of the digital nomad has signified a new freedom amongst young people who are determined to balance their passion for travel with their work.
Living like this doesn’t come without its risks and you will need to consider accommodation in some form, whether that’s a hostel or a tent! You should also ensure that you are budgeting for the place you plan to visit as the money you earn online needs to add up here too. But on the plus side, this way of living is going to afford you the greatest freedom possible.