• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 12. Renting Versus Buying Your H... > Financial Factors of Home Ownership

Financial Factors of Home Ownership

There are a lot of financial details involved in buying and owning a home. They are all relevant when you are trying to decide whether buying is right for you at a particular time.

At Least Three Years

Real estate professionals generally advise that you consider home ownership only if you plan to stay in the house for at least three years. This is because it usually takes about three years to establish enough equity in the house to offset the extra costs of buying the house and getting a mortgage.



PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint