Maybe youre tired of throwing away money on rent every month. Maybe youre tired of moving every year when you need to find new roommates. But youre still in school and youre not sure if youre ready to buy a house. Heres the real facts on home ownership for students.
Its a lot of responsibility
If you are the type of person who would rather call somebody when theres a problem, then home ownership might not be for you. On the other hand, if youre going to be living right near your uncle whos a great handy-man, or your mom, who knows all about houses, then, you might consider buying a house.
When you own a home, you dont necessarily need to do it all yourself. However, it will be cheaper to do it yourself, and sometimes you are going to want to at least try to fix problems. Other times are just times when you need to call a plumber. But you dont want to have to pay a hundred dollars and then find out that the plumber fixed the problem with only a plunger.
Consider the payments
If you dont have a steady income, chances are that you wont be approved for a mortgage unless you are applying with somebody (a partner, a roommate, a parent) who has a...
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