This article is part of our 52 week journey through Bill’s latest book, The Graduate’s Guide to Life and Money. Each week, a full excerpt from his book will be presented from beginning to end. To get your copy of his book, visit www.TheGraduatesGuide.com .
So you really think you are ready to buy a home. What’s that you say? You are not quite sure. Should you rent longer? Well, you have come to the right place. First we’ll help you decide if you are ready to buy a home, then we’ll decide if it makes sense financially. Finally, assuming it is your time to buy, we’ll show you all you need to know about the home buying process from beginning to end.
One of the most common questions people ask is. “Should I rent or buy?” Purchasing a home is a huge commitment and is really a personal decision. If you are single and you really enjoy all of your free time, you are really busy taking graduate courses, or you are a young couple that really enjoys being on the go, home ownership may not be for you just yet.
Unlike taking care of a 600 square foot apartment, owning a home takes a lot of time and energy. Usually it takes longer to clean (since it is bigger than your apartment). Plus, you are also responsible for the outside (unless it is a condominium). I’ve heard more than one homeowner complain that their home owns them, instead of the other way around.
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