KNOWLEDGE IS POWER: Too many potential homebuyers under 30 find it difficult to access information, says author D.P. Mina
I BELIEVE BUILDING wealth is important, especially in the community. I want to ensure generations and future leaders and thinkers do not give up.”
Those are the words of D.P. Mina, a 28-year-old project manager and real estate expert. Mina, who was born in the UK and raised by Nigerian parents, told The Voice he was inspired to write a book to help first-time buyers because of the lack of resources and information available to young people.
He said: “I decided to create this book primarily to educate and empower those around me and a generation who have almost given up on owning a home.”
Mina continued: “Part of the problem with buying a home is that the information that exists around it is so scattered and difficult to access in a simple way. I was continuously being asked questions about buying a home, so I decided I needed to write a book to explore this.”
Mina’s book, How To Buy A Home Before 30, explores the complexities of purchasing a home, and simplifies it for the younger generation. Although Mina says the book is for people of any age, there is a younger demographic who lack knowledge on how to go about buy- ing a home, something that he is keen to change.
HOW TO BUY A HOME BEFORE 30
He recalled: “I asked a group of friends what they knew about buying property and the result was shocking. I then showed them an image of a nice property and told them how much deposit they needed and it was actually lower than rent.
“This renting culture is something that is promoted in our community and is a quick fix, and that mentality needs to change. That’s what this book does, it gives you a detailed approach to changing your mentality towards that.”
The 159-page book features a comprehensive list of things that first-time buyers need to consider when preparing to purchase a home. And there are chapters dedicated to finding the right location, affordability and collective purchasing.
While Mina currently owns houses in and out of London, he admits that he didn’t know many people who owned their homes when he was younger. “I lived in rented accommodation as we couldn’t afford to buy. However, I think seeing people in my area who owned businesses showed me the power of ownership, and that be- came clear to me early on.”
This emphasis on ownership eventually led to Mina’s real estate portfolio and the decision to write his book, which he hopes reaches those who want to access this information.
“I think young people need to source books like this, the internet, and be open to ask- ing questions, instead of just accepting how things are,” he said. “We need to start spending more time on working towards our future, instead of spending it on temporary things. It’ll beneficial in the long-run.”