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The average age of homebuyers in the U.S. is around 33 years. This age used to be between 28-29 years in 1981. The drop in the median age of first-time homebuyers has everything to do with the increased rate of properties and low employment levels. 

For instance, to rent out 3 bedroom apartments in Lafayette LA, you have to spend anywhere between $700-$9,000 or even more. As of May 2021, the national unemployment rate was 5.5%. Overall, it's hard for young men and women to buy their own homes in 2021. But not impossible. 

Here we are sharing a few 3 bedroom apartments in Lafayette LA, buying tips for early age homebuyers. If you follow these tips, you can become a proud homeowner before hitting your 30s. 

Follow financial discipline 

To buy 3 bedroom apartments Lafayette LA, you have to first pay a down payment from your pocket, which could be anywhere between 10% to 25%. For example, if your apartment costs $4,0000,00, your down payment will be anywhere around $40,000 to $100,000, which you have to pay from your savings. 

Thus, if you want to buy your dream apartment before you turn 30, you have to bring financial discipline into your life. No unnecessary shopping spares, clean debts, extra working hours, and some passive income methods. You have to plan your monthly budget strictly and make investments smartly so you can buy your own place without your parents or anyone else's help. 

Hard budget planning 

You have to make a strict spending budget every month and try to follow it religiously. You have to make a receipt and expense account and find a way to reduce down your expense side. For this, you might have to let go of some concerts, vacations, and movie plans with your friends. But when you have a key to your own 3 bedroom apartments Lafayette LA in your hand, all these missed moments won't matter to you. 

Here we don't mean that you should cut down your lifestyle or don't have fun to save money for a down payment. Instead, you should spend smartly and cut off unnecessary expenses from your life. For example, you can easily work out at home or go for a walk in your local garden instead of investing in a gym membership. Similarly, you can start cooking at home rather than ordering takeouts. 

Start apartment hunting 

It doesn't matter whether you have sufficient funds available to buy an apartment or not; you should constantly keep on looking for the apartments near you. That's because first, it takes time to find the right apartment to meet all your requirements. Secondly, the real estate market keeps on fluctuating, and you never know when you will get lucky and be able to buy your dream apartment at lower rates. 

While apartment hunting, keep a few things in your mind:

• You should look for apartments in the outskirts of your city as property prices there are still lower than in the main city center. 
• Make a list of the things that you want in your apartments, like the number of bedrooms, floor area, and other amenities. 

Set aside money for EMIs

To maintain monthly home loan installment frequency, it is recommended to set some money aside for EMIs in advance. Don't exhaust all your funds on a down payment that you left with nothing to pay for your first month EMI. Bouncing EMI is both bad for your credit score and interest rates. 

So, peeps, you can easily become homeowners at an early age if you plan and invest your finances in the right manner. You need to spend wisely to buy your home in your 20s. If you are planning to buy 3 bedroom apartments in Lafayette LA, you can check Lafayette Gardens community to find your own home that's under your budget.