SAN ANTONIO- Buying a home can be one of the biggest decisions and one of the biggest investments you’ll probably ever make.

Surprisingly, younger people are putting it off.

"I'm ready to buy right now. I'm looking to buy right now," potential buyer, Genaro Montelongo said.

A single dad and in his 30's, Genaro Montelongo, is looking to lay some roots down.
However, like many his age he's moved around for his job.

"There's good options. To me it's just a matter of finding a place that you want to stick to, because you are committed,” Montelongo said.

Like many millennials, buying a home was not the first thing he checked off his list after graduating.

On average, millennials are waiting as much as eight years longer to buy a house than previous generations, according to the National Association of Realtors

The NAR says there are a few reasons for the new trend.

Research shows young people are not getting married in their 20's and as a result not having children.

Moving is also an issue. Millennials are more career driven. Often moving for their jobs.
"But more than that is the insurmountable amount of student loan debt. Since 2003 I think tuitions have tripled,” The trade group with Keller Williams Realty, J.J. Gorena said.

Still, with the price of homes on the rise, those in the housing business say putting off this investment may not be wise.

"Best time to buy was yesterday… today is probably the second best time to buy," Gorena said.

"When you are ready to put down roots it is the single best return on investment that an adult can make in their lives," Neighborhood and Housing Services, Assistant director, Richard Keith said.

The city is ready to help guide first-time homebuyers through the process.

"The classes that we offer cover a number of different topic areas. So some of the big ones are financial planning and figuring out their budget so that they understand where they are spending money, and how they are spending money," Keith said.

When it comes to signing on the dotted line there are a few things relator J.J. Gorena says you can do to ease the process and maybe even save some cash.

First, don’t skip out on seeing older homes rather than all new builds.

"The five-year-old home. It's still in really good shape it's still under structural warrant,” Gorena said.

When it comes time for a down payment, Gorena sugg ts, 20 percent or the minimum down.

“To give you an example: for every thousand dollars you put additional as down payment it will change your payment roughly $5- 6 a month. That's like one Whataburger without the fries and drink, right? So you don't want to put more down,” Gorena said.

If you do have some extra cash, Gorena recommends one upgrade which would be an immediate return on your investment.

“If you have extra money outside your minimum down payment then it would be to make your kitchen look like this,” Gorena said.

Whatever you decide, be sure to weigh all your options.

"We just try to educate them and say ok. At the end of the day overtime, there is going to be a rental rate process that is going to eat your lunch. But, at the end of the day it depends on the person and their commitment,” Gorena said.

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