House+Financing

House Financing A factor u need to consider when financing a house is your lifestyle, the way you choose to spend your time and money. Finances pay an important role in housing decisions. You can use your budget and the other personal financial statements you've learned.

Opportunity Costs of Housing Choices Housing decisions often requires many trade-offs or opportunity costs Renting an apartment may give you freedom to pick up and move on short notice, but you'll give up certain tax advantages that homeowners enjoy Renting Versus Buying One of the most basic considerations as you decide where to live is whether to rent of buy Your decision will depend on your lifestyle and on financial factors Renting is a very good choice for young adults who have recently begun working Renting is also a good choice for people who don't want to devote time to maintenance Renting is often cheaper owning a home

The Home Buying Process Step 1: Determine Your Home Ownership Needs Buying a home is a huge financial commitment