Being a home owner is the precious asset everyone dreams to have.
Being considered A landlord is totally achievement on every ones raiders
But while dreaming to own a home there are some factors to be considered before buying a home or building from scratch.
To further buttress this point.
According to moneycrashers
Owning a home has long been considered to be part of the American Dream, but as the huge tidal wave of foreclosures has taught us in recent years, it can also be a major disaster if you buy a house you cannot afford – or if you buy a home before you are ready for home ownership
Purchasing a home is a major investment, and as with any investment, it is important to be educated before you dive in. Once you have a basic understanding of what home ownership entails, you must carefully consider whether you are truly ready to buy.
Will you consider this before buying a home
1. The Current State of Your Finances
2. The Stability of Your Financial Future
3. Your Credit Score
4. Your Commitment to Staying in One Place
5. The Current Real Estate and Credit Market
6. Your Commitment to Home Ownership