Buying a Home? Here Are Uncommon Ways to Do It

bigstock-First-Home-112789Do you prefer owning a home instead of renting? You may be inspired with some creative homeownership strategies listed by Susan Johnston of US News.

Susan writes:

A 2013 survey commissioned by the MacArthur Foundation found that more than 7 in 10 renters hope to own some day. But with stagnant wages for the past several years, Americans wishing to buy a home sometimes have to get creative.

Uncommon ways such as co-buying, relocating to less expensive territories, and signing on down payment assistance larger than the usual 20 percent enables home purchases to be made easier and more affordable.

Read the article: Creative Ways Americans Can Buy a Home | US News Money