Chapter 3
Sizing Up Home Ownership
IN THIS CHAPTER
Becoming a homeowner — what’s in it for you?
Knowing yourself
Knowing your finances
Deciding if you’re ready to buy
Dorothy said it best: There’s no place like home. You may be a jet-setting entrepreneur or a stay-at-home parent, but we’re willing to bet where you live is your most cherished space. You need a place to wind down, to relax, and to rejuvenate. Whether you own or rent (or live in your parents’ basement), the place you call home is the foundation of your life.
Like most people, you want your home to be perfect, even if your definition of perfect change over time. Maybe as a teenager, your perfect bedroom was all black with huge speakers in every corner of the room. Twenty years, three children, two dogs, and a father-in-law later, your idea of perfect is an en-suite bathroom with a rain shower head and a jetted bathtub — and a lock on the door. Everyone needs a living space that can adapt to their changing needs and wants, and, of course, what better way to have that living space than to own it?
The idea of owning a ...
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