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Why Buy a Home?

There are many factors to consider when deciding to buy a home. Some of these factors are psychological. There’s no doubt that it can be very satisfying to have your own place to decorate as you see fit without the hassles of landlords and leases. As long as you keep up on your payments, no one can make you leave. Pride of ownership definitely plays a role!

More relevant to this chapter, however, are the practical aspects of home ownership versus renting. There are many financial factors to consider. For many people considering their first home purchase, money is most definitely an issue. You are likely to be at an early stage in your career and not making a great salary. You might be just starting a family, with all the expenses that entails. What it boils down to for many people is the simple question, “Can I afford to buy a house?”


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