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When thinking of buying a home, you should consider the pros and cons and ensure that you are well prepared for it. Some of the pros of buying a home are:

  • Financial Security i.e. when prices of houses go up, it can provide you with financial security
  • Versatility i.e. you are able to decide the aspect that comes with it
  • Stability i.e. you feel comfortable and less worried.

Some of the cons that may be involved are:

  • Financial Pressure i.e. the pressure that comes with down payments, meeting mortgage payments can have a lot of effect on your finances
  • Cost Of Maintenance i.e. keeping your home in good condition requires a lot of time and money