Step 2: Homeownership Advantages and Risks


  • 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.)


  • 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
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