4 ms·
I bought my house as a place to live. (My only "mistake" was that it's a bit larger than I need.) It was a cheaper option than renting, as apartments 50%-60% sm
by 5555624 9y ago
I bought my house as a place to live. (My only "mistake" was that it's a bit larger than I need.) It was a cheaper option than renting, as apartments 50%-60% smaller were significantly more than my mortgage payment. Buying a house to live in, with the idea it's an investment just doesn't seem to be guaranteed to me. That's especially true if it comes to making any modifications -- I want to do them to suit me, not trying to consider if a future buyer wants them.
If it appreciates? Great. If the value stays the same? Fine. If I move and can only make what's outstanding on the mortgage? That's good, too. If it's worth less? Then I will look into renting it out.