PRO: Aren’t tied down
Being a homeowner carries high responsibilities that can affect life decisions. Let’s say you find a job in another state. The chances of getting out of your rental agreement can be high. Should you own your home, however, you will still be responsible for your mortgage and have to make choices regarding finding a renter or property management company to oversee your place. In addition, you also have to look for a new place which means more money out of your pocket.