10 Reasons Not to Buy a House(3)
USINFO | 2013-11-06 10:08

 

3.The Neighborhood

Don't forget to consider the future when looking at new homes. Buying a home is an investment, and you want to make sure that you're going to be able to sell that house someday.

Look at the neighborhood you're considering and think about that neighborhood's long-term viability. Are comparable houses in the area selling for more or less? Is the city planning a construction project that could hurt your home's value down the road? A little research goes a long way, and you just might find that the property isn't the good investment that it seemed at first. You may want to wait a couple of years while you research the area.

4.Caring for a Home

When you're renting and the pipes burst, you can call your landlord, and a maintenance person will come out to fix it. As a homeowner, you're your own landlord, and all of those little hiccups become your problem. It's your responsibility to maintain the lawn, fix things that break (or pay a handyman) and keep up with aesthetic maintenance, like painting the porch and shoveling the driveway when it snows.

Are you ready to take on the time and expense involved in maintaining a home? If you're not prepared to care for your property, it might not be time to buy a house.

 

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