Critical Thinking

Owning your own home is one of the greatest American dreams. Making the jump into homeownership means that many responsibilities will fall into your life and you need to make sure that you are prepared to make the decision to buy a house instead of renting a one. Buying a home will be one of the single biggest investments you will make throughout your lifetime. It deserves time and commitment when making the decision to buy a home. Building wealth is also part of the American dream, and owning a home is a slow path to wealth. Therefore, with time and commitment, you will be your way to one of the most fulfilling journeys of homeownership.

When it comes time to make the decision of whether it is in you best option to buy a home or rent a home there is many factors that you need to take into consideration. You need to look into if you are ready to have a permanent address, or if the better option for you is to sign a lease on a rental.   When you buy a home, you acquire the ability to set some roots, and become part of a community. You become the owner of the home and the land your home sits on.   When renting by the time you sign the lease you already have a date set that you will be moving. Someone else owns the property.   When renting a house you are responsible to keep the property in the same condition as you received it. This means that you may not do any remodeling or improvements to the property. Owning a house gives you the opportunity to do as you wish to house. I feel that homeownership offers freedom, the power to change and improve things in your home life. Throughout this essay, I will give you more reasons for you to feel this way too.

Buying a home is an investment into your future. Every month you make a mortgage payment it is just like putting your money in the bank. It is like the getting rich slowly statement I brought up earlier.   If you are wondering how that is so let me explain it to you. If ever there comes a day that you decide that you...