Best places to live on Long Island for first-time homebuyers

Parting with tens of thousands of dollars in a single transaction is a scary prospect for first-time home buyers. Before laying out that down payment, they want reassurance that a starter home purchase will be a wise investment -- one that will build equity and pave the way for a trade-up in a few years.

The good news is that while prices and mortgage interest rates remain relatively affordable, it's becoming a much safer bet than it was several years ago that the value of a home purchased today will appreciate.

Buyers can expect starter homes to range from $275,000 to $380,000 in Nassau and $250,000 to $350,000 in Suffolk. Search for more starter homes on Newsday Homes.

Get the Real Estate newsletter!

The best LI real estate news in your inbox weekly.

Sign up

By clicking Sign up, you agree to our privacy policy.

Comments now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

By using this site, you agree to our Privacy policy.