The benefits of owning a home vs renting are numerous, especially if you value a sense of physical and financial security. Putting down roots might seem like a daunting proposition if you’ve never owned a home before, but the benefits far outweigh the drawbacks.
If you’re not convinced or prefer the flexibility of being able to move when your lease is up, that’s of course, your decision to make and I honor it.
However, you can always move out and rent your home if you decide to move elsewhere or need a larger home to suit your needs in the future, which is what my spouse and I did. We lived in the first home we bought, a townhouse in Northern Virginia, for about two years. Then, we moved out to buy a bigger house with more land and have now rented it for about 8 years. [Read more…] about Benefits of Owning a Home vs Renting