After finishing college, you stayed at home for a couple more years. This gave you an opportunity to start saving up a sizeable amount of cash. But lately, you have started thinking that it might be nice to get a place of your own. Living with Mom and Dad was great while it lasted; however, having your own home would provide you with more privacy and freedom. While looking around through Houston rentals, you begin to wonder if it would not simply be better to buy your own home instead.

You did save up enough money for a sizeable down payment. But is a fifteen to thirty-year mortgage really something you are ready to commit to paying off? Whether you should rent or buy is an age-old dilemma for a lot of young adults looking to strike out on their own for the first time. It is a fork in the road that is riddled with uncertainty, no matter which way you choose to go; yet, it is a question you will need to answer for yourself soon. One reason is because you are not the only one looking for more privacy and freedom. Your parents would like to enjoy these things too, and your dad has hinted at wanting to turn your old room into an office. [Read more…]