Owning a home is nothing like renting an apartment. There are additional costs and active maintenance is required in order to ensure that the property is kept in good condition.
Before you come to the conclusion that owning a house is a complete disadvantage, think again. While renting is cheaper, it does come with a list of limitations. Furthermore, the landlord has the right to insert any clauses in the agreement prior to signing. Some landlords include curfews, putting a limit on the number of visitors and even pets.
For those who have a steady income and are looking to settle, owning a home is the perfect solution. The money an individual pays toward rent could instead be going towards a home that one will eventually call their own. In the end, despite the economy it makes sense to consider home ownership.
When do you think is the right time to own a home? Let us know what you think.
Rent vs Owning a Home | Visual.ly