Pros and Cons of Homeownership

There are several advantages to homeownership, but there are also some disadvantages. Review some of the pros and cons below to decide whether homeownership is right for you.

Pros

Cons

  • Equity investment
  • Tax deductibility of interest and property tax payments
  • Stable housing costs
  • Freedom and control
  • Mortgage debt
  • Market risk
  • Property tax
  • High cost of homeownership
  • Decreased mobility
  • Repairs and maintenance