when you own property, its yours. (or at least thats the theory) within reason you can do what you want with/on it......gives you security.......at least moreso than renting...where you can be evicted at any given time..
One of the big reasons I've seen for buying a home/condo vs renting is so you can have pets. So many places don't allow pets... The place I have the business at does not officially allow pets, but three dogs, and probably at least that many cats. (it's really "you can't move in with a pet, but once its been determined you're not going to move out after three months, having destroyed the place, you can have a pet". The majority of tenants have been there at least 5 years)
And a lot of apartments that do allow pets have a size limit. so if you have your heart set on a great dane, you're really buying the house as a dog house.
Also if you have some sort of hobby or job that requires a goodly amount of space to do and you can'd do in an apartment. My father ran an electronics business out of the house for years, and really, wouldn't have worked trying to cram a drillpress and a sonic cleaner into an apartment.
In addition to the pets thing, there's also the fact that once you've got the mortgage paid off, you don't have to pay for your living space anymore---yeah, there's property taxes and utilities/insurance/repairs/upkeep, but there's a definite attraction in the concept that you only have to cut that big nasty check every month for thirty years (or fifteen), and then you live rent-free. And your kids or grandkids can inherit it.
This, of course, is keyed to the people who a) want to and can settle down in one place with the intent of staying there all their lives, and b) can resist the "we can afford bigger now" lifestyle expansion move lure.
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And a lot of apartments that do allow pets have a size limit. so if you have your heart set on a great dane, you're really buying the house as a dog house.
Also if you have some sort of hobby or job that requires a goodly amount of space to do and you can'd do in an apartment. My father ran an electronics business out of the house for years, and really, wouldn't have worked trying to cram a drillpress and a sonic cleaner into an apartment.
Reply
This, of course, is keyed to the people who a) want to and can settle down in one place with the intent of staying there all their lives, and b) can resist the "we can afford bigger now" lifestyle expansion move lure.
Reply
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