Here are some things to think about:
Renting verses Ownership
Renting is a fixed price you agree to pay to the landlord for an agreed upon time frame. You may also pay utilities for the home which can fluctuate. But, when the home is in need of repair that is the responsibility of landlord who also pays the taxes, insurance and yearly maintenance, these costs can add up quickly.
In home ownership you are responsible to not only pay the monthly mortgage, insurance, taxes but the maintenance costs and many new home owners don’t factor in these costs. A new furnace for instance can put you back $3,000 - $10,000. Do you have enough to cover something like that? You will need to ask yourself what would…