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Many want to own a home someday.
But many dont necessarily want the hassles that come along with homeownership, like unavoidable maintenance costs.
Renting comes with an increased amount of flexibility that cannot be underrated.
But it can be difficult to settle into some rentals.
Of course, youll have to launch the numbers for yourself.
Of course, moving somewhere new is a major decision.
Take the time it’s crucial that you make an informed decision.
If you decide to move, that might put homeownership within reach.
Remember, homeownership doesnt necessarily need to be a goal.
Determine whether or not buying a house is necessary for your situation and goals.
Thats especially true if you make it a priority to invest in your long-term financial future.
Below are some ways to help you make the most of your funds while living in a rental.
Instead, you could use your funds to build an investment portfolio.
Many recommend starting with index funds.
Generally, experts recommend saving between three to six months of expenses within an emergency fund.
Takeaway
Buying a house might not be feasible for your financial situation in your location.
You might decide to move somewhere with cheaper housing to accomplish your dream of homeownership.
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