The decision to pursue homeownership may be based on many factors: everything from a friend’s decision to purchase a home or a family member’s advice against “throwing your money away on rent” to your bad experience with a landlord or the noisy neighbors sharing your wall. While all of those scenarios (minus peer pressure, of course) may inspire valid arguments for considering the purchase of a home, how do you determine if you’re genuinely ready to join the ranks of homeowners? After all, it’s hardly a decision to be taken lightly. If you’ve spent your life as an apartment-renter or a condo-dweller, you’ve never had a yard to maintain. Even more significant, you’ve never moved into a home without the appliances — a refrigerator, washer and dryer, and microwave, for example — you’ve taken for granted as a renter. All of those appliances represent immediate expenses you’ll face upon move-in — and that’s precisely the time when you’re already feeling financially drained.
Read full article at The Best Real Estate Advice By Serge Vindigni