ADVANTAGES
- Freedom to live as you wish, making the changes you want
- Build wealth in the equity of your home
- Home buying sets down roots, invests in your future and allows you to make connections with your neighbors and your community
- Also, possible federal income tax reductions. (Check with your tax advisor.)
RISKS
- Less mobility
- All repairs are your responsibility (you bought it, you broke it, now you fix it!)
- A home can be a slow appreciating asset
- Initial and up-front costs of owning a home could be a financial burden
