Thinking about buying a house but feeling stuck because prices are high, interest rates are up, or you’re just not sure you’re “ready”? You’re definitely not the only one.
A recent 2025 report found that while most younger buyers still believe homeownership is possible, only a small percentage feel like now is the perfect time. But instead of waiting on the sidelines, many are finding different ways to make it happen.
Here are four strategies that buyers are using this year—and how to know if one could work for you too.
- Look for a Fixer-Upper
Good for: People who don’t mind a little DIY and want more house for less money
Not ideal for: Those who need something move-in ready or have no renovation budget
Homes that need some updating can sell for 10–30% less than similar move-in-ready ones. That discount might be your ticket into a better neighborhood or a larger home.
Upsides:
- Lower purchase price
- Chance to build equity quickly
- Ability to design the home your way
Downsides:
- Renovations can get expensive fast
- Permits and inspections may be required
- Some loans don’t work for homes that need major repairs
If you’re considering this route, ask your lender about renovation loans (like FHA 203(k)) that bundle repair costs into your mortgage.
- Co-Buy With Friends or Family
Good for: Buyers who trust each other and share similar financial goals
Not ideal for: People who don’t want to mix personal relationships with money
More younger buyers are pooling resources to make homeownership possible. Co-buying can mean splitting the down payment, lowering monthly costs, and getting access to a better property.
Upsides:
- Shared expenses
- Bigger combined budget
- Built-in support system
Downsides:
- You’ll need a legal agreement to spell out ownership, payments, and exit plans
- Disagreements could impact finances and relationships
- Selling or refinancing can be more complicated
- Try “House Hacking”
Good for: Buyers willing to share space or manage rentals
Not ideal for: Anyone who values total privacy
House hacking means buying a place with extra space—like a duplex, a basement apartment, or even a guesthouse—and renting it out to help cover your mortgage.
Upsides:
- Rental income can offset your monthly payment
- Potential for long-term investment
- Faster path to financial stability
Downsides:
- Local rental rules can be strict
- Managing tenants takes time and effort
- Extra insurance and planning may be required
- Move to a More Affordable Area
Good for: Remote workers, flexible buyers, or anyone priced out of their current city
Not ideal for: Those who need to stay close to a specific job, school, or community
Nearly half of young buyers are exploring more affordable markets. With lower home prices, your budget can stretch further, and you might be able to buy sooner.
Upsides:
- More space for your money
- Lower taxes and cost of living
- Opportunity to build wealth faster
Downsides:
- You may need to switch jobs or commute farther
- Some areas grow in value more slowly
- Buying long-distance can be tricky
Final Thoughts
The road to homeownership in 2025 doesn’t have to look like everyone else’s. Whether it’s fixing up a bargain property, buying with a partner, renting out part of your future home, or finding a cheaper market, there are options.
Just make sure you know the trade-offs, run the numbers, and choose the path that fits your life best.
Melissa Morgan 