Pros & Cons of Buying a Home
Welcome back to my two-part blog series on renting vs. buying a home! This week’s post takes a look at the pros and cons of buying a home. It’s no secret that I think buying a home is more beneficial than renting for most people. Take a look at the pros and cons of buying a home below and start thinking about which option is best for you!
Pros of Buying a Home:
- Owning your home builds equity and it’s an asset that can be sold down the line. This means that if the house appreciates in value, you will make a profit when you sell the home.
- Even if your home doesn’t appreciate in value (which is highly unlikely) you still have an asset you can sell when it is paid off.
- Your monthly mortgage payments are stable,…
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