Wondering if it’s cheaper to build a house or buy an existing one? Here are the pros and cons of both.
Owning a home is the cornerstone of the “American Dream,” and many people aspire to one day turn the key in a home of their own. Mobile homes offer a great alternative to traditional “stick-built” homes, and buyers can enjoy fully customized affordable housing. In addition, renting to...
In this post on the pros and cons ofowning a franchise business, I’m going to go over the things you need to know about franchising, so you can make a smart decision on becoming you’re own boss. Let’s begin! For starters, there’s no question that the decision to become the own...
We will now look at some of the pros and cons associated withhouse mortgagebelow: 1. Potential investment It is a known fact that homes and real property, in general, can increase in worth over time. Being able to pay up your loan and then owning your home can be seen as you acquirin...
Owning a property, particularly a freestanding home, can become isolating as you get older. Being part of a rental or retirement community, on the other hand, means more social contact and more hands on deck in case of an emergency.
Purchasing a home in Vancouver is more than just buying a property; it’s about buying into a transcendent lifestyle and becoming a part of one of the world’s most admired cities. Moving to Vancouver (or any city in Canada) and owning a house calls for some smart financial decisions. ...
About Jeff Ostrowski Jeff Ostrowski is a veteran business journalist with over 20 years of experience covering real estate, business and the economy. He is a board member of the National Association of Real Estate Editors and has won awards for his housing coverage. He contributes housing and re...
6. A Sense of Security Owning your home outright means you can rest easy knowing that if you lose your job or encounter any financial hardships your house won’t be foreclosed on and you and your family will always have a roof over your heads (as long as you continue to pay your taxes...
That said, even an idyllic locale like a pristine mountainside comes with its own unique considerations. Fresh air, gorgeous landscape and proximity to outdoor activities are all wonderful perks but owning a home in the mountains means being prepared for the possibility of extreme weather and ...
While many investments may be able to grow on their own with little management or involvement, real estate is not among them. You’ll need to deal with finding tenants, conducting maintenance, and other day-to-day requirements of owning a property. Some may find their enthusiasm for real est...