What are three disadvantages of home ownership?

While there are many advantages of owning a principal residence like potential tax deductibility of mortgage interest, property taxes and possible appreciation there can be disadvantages such as:

1. Difficulty and cost of moving to a new location.

2. Costs of home ownership such as repairs, taxes, insurance, landscaping, etc.

3. Possible loss of equity if the property declines in value.

Real estate is a long-term investment if you want to realize the potential advantages..

Leave a Reply