Renting is convenient in your early years, as you're just getting a job and getting your life in order, perhaps even moving around for jobs, relationships and adventure. But as you get older, you may start thinking about buying a house, whether because you're partnered with someone or you are in a long-term career and want to settle down somewhere.
After all, when you rent, your money is spent on a temporary place to live; but when you own a house, your money is spent on paying down the mortgage of a permanent asset that you own.
The Homebuying Process
Buying a house is a lot of work — you need to figure out what you want in a house, get pre-approved for a mortgage, find a real estate agent who can help you, go house-hunting and ultimately…