I think if i was to buy a house in the future, paying property tax is a lot.
2006-10-07 10:49:09 · 6 answers · asked by Anonymous in Home & Garden ➔ Other - Home & Garden
Pro = You Are Owning It, Decorate as you like, and your not wasting rent money, also you have a tax write-off.
Con = Maintenance, but most homeowners like the responsibility.
2006-10-07 10:54:18 · answer #1 · answered by Excel 5 · 0⤊ 0⤋
Pros are you own something that will only increase in value and you can do and fix to your liking. The cons are whatever breaks, of course, you have to shell out and it always comes at the wrong time. Mortgage payment is usually more than rent plus you have the taxes, water, insurance and your other bills on top of that. When we 1st bought our house, we had to cut back on everything just to pay the bills BUT we realized in just a couple years, the value of the house went up tremendously and if the going gets tough, you can take out a 2nd mortgage and other loans against your house. Real estate is one of the best investments but be prepared to face all the mishaps that can happen along the way.
2006-10-07 10:56:29 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Pro ... the money you put into it is an investment and it's not gone every month. Con... any big repairs and small ones are yours to fix and pay for.
2006-10-07 10:51:47 · answer #3 · answered by xx_muggles_xx 6 · 0⤊ 0⤋
Pros , It will be yours to do with as you want.
Cons . yes it is a lot of work to keep a House up and keep it repaired..
Money .. mortgage and taxes....
2006-10-07 10:55:53 · answer #4 · answered by StarShine G 7 · 0⤊ 0⤋
Pro's:you have shelter and a place to live and put all your crap in a place
Con's:you have to pay some money every month
2006-10-07 10:52:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Pro: the house is all yours...
2006-10-07 10:57:21 · answer #6 · answered by TPCAN 3 · 0⤊ 0⤋