Unformatted text preview: build equity on a rental. Advantages to owning a home are to be considered. Owning a house means building equity (hopefully), tax write offs, more space, more privacy, no decorating restrictions (painting restrictions), a sort of freedom, Disadvantages when owning a home to consider are, responsibility for all expenses, utilities, failing appliances, possible HOA expenses, HOA rules, yard care, home owners insurance, although some apartments require rental insurance. The list of disadvantages goes on for owning a house, but the list of advantages goes on as well. I believe that if you are up to it and can afford it, owning a house is a good idea. I own my house and love the freedom it gives me. I own a low cost property and it fits my budget, one day when I feel I can afford more, I will consider something a little bigger....
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- Spring '11
- tax write offs, home vs. buying, possible HOA expenses, low cost property