While homebuying may be a major step in relationships, some don’t last the process.
According to LendingHome, 60 percent of millennial and Gen X couples reported disagreeing when purchasing a home with their significant other. Couples are most likely to disagree about the amount of debt to accumulate (49 percent) followed by the style of the house (46 percent) and the size of the home (45 percent). However, the longer a couple has been together, the less likely they are to disagree.
“Buying a home is stressful for just about anyone, but even more so for couples and first-time homebuyers,” said Matt Humphrey, co-founder and CEO of LendingHome. “To navigate the homebuying process smoothly starts by first being aware of some of the pitfalls.”
Women are more likely to prefer traditional homes in the suburbs, while men like modern homes in both suburban and urban settings, which can lead to disagreements on location and style. Interestingly, the survey found that those who lived in the city were more likely to disagree than those who lived in small cities (38 percent vs. 19 percent).
“Buying a home together is a serious commitment with enormous financial implications so you need to feel secure and confident in your relationship before taking this step together,” said Samantha Burns, the Millennial Love Expert, a licensed couple’s therapist and dating coach. “ In searching for your dream home, it’s important to get clear on your wants versus needs, your firm deal breakers, and ability to analyze the pros and cons. The goal is to get on the same page at the beginning of the search in order to minimize conflict throughout the process.”
However, it all worked out for most couples. Sixty percent said that their disagreements when homebuying didn’t matter in the end, while more than half reported feeling more committed after their purchase.