Should I Buy A House? Essay

Some people might think that renting and owning are pretty similar, but they do have a lot of differences that people tend not to think about. In fact most people don’t do a lot of research on the differences and similarities. Renting a place to live is a wiser choice and is cheaper in the long run, but having a place that you own has a lot of advantages to. Some differences that people don’t think about are maintenance, utilities, and restrictions.

America is seen as the land of opportunity in that there are endless possibilities for an individual. In this land of opportunity, Americans strive to obtain the ideal known as the American dream. The American Dream is seen as the accomplishment of an ambition achieved while challenged by adversity.1 Americans often associate this success with the ownership of a home. The home is not simply a place of basic protection; there is a much deeper connection to the individual. Ownership of a home grants freedom and security that establishes a sense permanency for the individual. In contrast, renting a living space possesses a semblance of instability and dependence.2 The desire to improve ones’ position in life inspires one to

As you see there are definitely pros and cons when deciding if renting or buying is right for you. When you rent, you don’t have the responsibility of maintaining the home, you aren’t worried about improving the interior or exterior of the dwelling, you don’t have to pay taxes on the home, and you aren’t faced with the possibility of losing the capital put into the housing market, or the possibility of foreclosure if a mortgage payment is missed (Should you rent or own). But on the flip side, when owning a home the equity in the home can be converted into money if refinanced or sold. Over the years, if kept well, real estate property increases in value and therefore this asset will up in value the longer the property is held (Should you rent or own).

When someone is deciding whether to purchase a home, there are a multitude of considerations involved. Purchasing a home is usually the largest investment someone ever makes and they need to take into account the advantages and disadvantages between buying and renting.

I am a senior at my school and will soon leave for college. My parents have decided to expand their housing ownership to the college district that I will be going to and I will be the one responsible for their new property. As you can imagine I know next to nothing about owning and maintaining a house and, after looking some things up, I realized that I also know very little about how to go about things in the real world. I started this project for myself so I wouldn’t mess up something important for them, but quickly realized that it would make a great senior project. I already know the basics of how to take care of both myself and a house but I realize that I will need more detailed information when I graduate. The main area for my project is English as I will be producing a finished manuscript on the subject of living alone for the first time.

As a home owner, you are responsible for pretty much everything; not just a payment at the first of the month. Many new homeowners are shocked to know that there are other things that will cost associated with owning a home such as yard maintenance, malfunctions with heating and air conditioning, and other expenses that are necessary for the upkeep of the home. This is one way that home ownership can offer hands on experience for a renter that will prepare them for the “real thing”.

There is always the common question what does it take to get a first time home buyers loan? And the answer is there is so much that goes into the process of getting a home loan. You have to find out if there is a down payment and what percentage the seller wants for a down payment. Is the seller going to pay the closing costs or does that come out of your pocket? All these questions and more are what go into getting a home loan.

When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the

Thesis: Home ownership provides greater potential gains than renting, while renting provides superior financial flexibility.

Some individuals may believe that buying a home is part of the American dream and that renting an apartment does not compare, yet satisfied renters would disagree. Even though owning a home provides a sense of security while allowing modifications without permission, renting is preferred more often over buying because the expense of updating, monthly payments combined with utilities, and paying insurance on a home comes with a high price tag. A homeowner does have several luxuries such as forming lasting friendships with their neighbors, making landscaping changes to their yard, painting and designing their home. While that remains true, renting an apartment comes with several different options and

Thesis Statement: Buying a home has many advantages and disadvantages but for many people the good overpowers the bad.

Buying a house has some very good ownership benefits. As a buyer and not an actual

“Buying a house is a better option than renting an apartment.” In this essay I will discuss about the major benefits of buying a house rather than renting an apartments. While it can be costly it is a safer place to live that has long term-investment and tax advantage. Buying a house may be difficult and it can be a confusing process, even for veteran buyers. Here are some tasks that housing experts say before getting into the buying a house. Get financials in order. Buyers should check their credit score, taxes, 401(k) s and other aspects of their financial situation to determine the maximum amount they are comfortable affording for their monthly mortgage, utilities, maintenance, taxes and insurance. If one’s credit score is low, he or

Step 1: Make sure you’re ready to buy. Buying a home will most likely be the single largest investment of money made in your entire life. With that being said, it’s not a decision that you should rush into. Ask yourself: is it really time for me to buy a home? The first thing you'll need to determine is what your long-term goals are and then how home ownership fits in with those plans. Some people see home ownership as a major milestone in the process of becoming an adult.

house” that my parents have been looking for a quite a while. I mean I didn 't want to