5 Questions to Ask Yourself Before Buying a Home

Becoming a homeowner has long been considered the American Dream, but there's a fair amount of hoopla behind that sentiment. Not only is homeownership a huge responsibility, but in some cases, renting can actually make far more financial sense. For example, if you're able to find an affordable home in a desirable area, and don't particularly need the tax breaksassociated with ownership, why dump your savings into a down payment and bear the brunt of the ongoing costs that are maintenance, property taxes, and repairs?