Advantages And Disadvantages Of Owning A Home Essay

“Owning a home” those simple words are for many the perfect description of the American dream, or at least it has been for some years since the last century. Although most people would say that owning a home is always the way to go, it is important to note that there are also some aspects that some people would see them as disadvantages, and indeed, buying a home is one of the greatest responsibilities a person can undergo, some people even compare it to the decision of becoming a parent, getting a brand new car, or even going for a doctorate degree, these decisions are of great importance in our lives and will probably be with us for the rest of a person’s life, that is why this decision have to be taken seriously.
Just in most things in life, owning a home also has advantages and disadvantages, let’s take a look at them.
One of the main benefits of owning a home is that the person in question gains equity since the homes usually build value over the years, and some people consider this some sort of security for the future, and to some extent, this is true, especially in places that are not located in down town because most cities are likely to grow and over the years, those homes becomes part of a more popular area, although it is important to mention that this process takes usually at least a decade or even more. Another great