Home ownership can be an excellent monetary move depending upon your determination to remain in the very same house for some time. If you’re preparing on owning it for at least 4 years, buying a house makes sense. Less than that, and you’ll lose cash because the equity you may acquire will not offset the loss of closing expenses, costs and property tax. You’ll likewise wish to consider the expense of repair services and maintenance and possible tax advantages. Residences need consistent maintenance, which can rapidly drain your cost savings account if you’re not with the ability of doing repair services yourself. When believing about home ownership, consider your way of life.