Millennials across the globe are increasingly becoming financially prudent, taking charge of their money, and making some incredibly wise investment decisions. If you are someone who falls in the 25-35 age bracket, a piece of great financial advice for you would be to buy your own house. Rather than waiting till you hit the middle ages and are saddled with responsibilities, purchasing a home before you hit 35 makes more sense for financial stability in your later years. 

In this article, we shall discuss how you can buy your very own house if you are in the age cohort of 25 to 35 years. But first, let us take a look at why buying a home before you are 35 is increasingly becoming a popular idea. 

Why Buying a House before you are 35 Makes Sense 

Putting aside part of your earnings and buying a house before you are 35 has more advantages than you thought. Here are some reasons why owning your own home before you are 35 makes sense:

  • Freedom from rent

If you are in your late 20s or early 30s and do not own a house, you will inevitably be paying rent for accommodation in the place you live in. With rent in major cities in the country soaring by the year, a significant chunk of an older young adult’s income goes towards rent payment. However, if you buy your own house in this period, you will be saved from paying rent from early on.

  • Greater eligibility for loans

Chances are you will need to take a loan to buy your first house. Fortunately, if you are in the bracket of 25-35 years, you will be looked upon more favorably by lending institutions because of your age. This is because you will have a considerable number of years of active work life, and at this young age, will also have fewer financial obligations. 

  • Longer repayment tenure

When you apply for a loan to buy a house in your 20s and early 30s, with a long working life ahead of you, it will lead to a longer repayment tenure. A longer tenure will ensure that you can comfortably repay the loan at installments that will not be very high either.

Tips to Buy a House for People between 25 to 35 years of age

Now that you know why it is a good idea to buy a house before you are 35, here are some tips to help you buy one of your own:

  • Start saving, now

The first step towards buying your own home when you are between 25 to 35 years of age? Savings. Whether you are in the habit of saving or not, the moment you decide to buy a place of your own, you should start saving aggressively. Do this for at least a year or two before you decide to buy the house. This is important because even though you may get a loan to buy the home, you will still need to pay down payment, which might not be covered by the lending institution. 

  • Invest your money

While saving is just one way for you to accumulate the wealth you will need to pay for your house, a smart move would be to invest. This primarily works if you are not in a hurry to buy a house and can wait for a couple of years. Invest your money in a suitable scheme which will allow your money to grow. Keep in mind while investing that the property cost may go up in the future, so investing money will help you come up with the required amount accordingly.  

  • Do the homework

Buying a house is no cakewalk. Not only will you need to plan out a budget for the home you want to buy, but you will also need to choose a suitable location. So, work out the additional charges to be paid as society charges, utility bills, maintenance costs, interiors, and renovations, etc. Also, check the legal status of the construction, date of possession (for under-construction houses), etc.

  • Build suitable credit

To buy a home at a young age, you will most certainly need a loan. However, to get your loan application approved, you will need a suitable credit score. If you do not have the appropriate credit statement and credit score, it is time to start building your credit if you want to own your house at a young age. Begin with a credit card, which is the simplest way to start building confidence. Go over your finances and consider ways to improve your credit score so you will be able to get your house loan approved quickly at affordable interest rates too. 

  • Don’t buy a house you cannot afford

Given that you are still pretty young, being under 35 and all, you might be tempted to buy a home that is well beyond your reach. Even if you can get a loan to cover the cost, do remember that an unaffordable price will result in you having to pay off the loan for a much longer duration, significantly affecting your finances over the long run. Instead, be wise and calculate the amount you can comfortably spend and pay off in the forthcoming years, set a budget and buy the best house in that budget.

  • Choose the right loan

There are a whole host of home loans out there from leading banks and non-banking lending institutions, which can make it quite confusing when it comes to choosing the best mortgage for your first home. When looking for a loan, compare the interest rates, available loan amount, loan tenure, early payment charges, and processing fees being charged. Ease of availability of the credit as well the time in which it is processed are other considerations you must factor in before applying for a loan.



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Buying a house when you are 25-35 years old is a dream come true. It is not just an accomplishment but also leaves you free to invest your money towards your other life goals without worry. If you are planning on getting a quick and hassle-free instant personal loan to cover the cost of your new house, get a loan from PaySense. One of India’s leading online loan portals, PaySense offers instant personal loans up to Rs 5 lakhs at the tip of your finger. To obtain the loan, download the PaySense app from the Google Playstore. With the PaySense app installed, upload your documents and check your eligibility, calculate your EMI with the EMI calculator feature, and get a loan up to Rs 5,00,000 processed in hours. For more information, write to [email protected]. 

Aahna Gandhi

Aahna Gandhi is an enthusiast traveller, writer and a PR Professional. She likes sharing memorable moments from her travels and inspire others to live a life full of wonder. Known for her content, she has worked for travel, technology, lifestyle, health sectors as well as finance.

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