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Home ownership is a lifelong dream for many people. There are both pros and cons of owning your own home. Do you know what these are?

Home Ownership Pros and Cons

What has been your experience with home ownership?

Hi Sandra, Interesting article.

In the UK most people aspire to own their hone. I have owned and rented and had experiences for and against both. One property bought was found to be built on a site that used to be an old tip and there was methane gas present on the land making it hazardous. The price of the property plummeted and we got no help from anyone to help fight our case. It took years for the prices to rise again and to be able to sell at a profit.

The other properties I owned did not have the same problems and I made a lot of money on each that allowed me to increase the value of my next property. However, after my marriage fell apart I had to give up my career and be more available to my children and was not in a position to buy again.

I have rented ever since and each time I have been put in the position of having to move as the landlord has put the house on the market. This is happening yet again and I am now getting ready to move again. I am considering buying somewhere this time to avoid being put in this situation again.

Tracy,

Thanks for sharing. I never thought about a landlord selling the property and its effect on the renters. I very good point for our readers to know. Sorry you had to have this experience multiple times.

And very good point about the unseen issues that can occur. Hazardous situations can ruin a property's worth. It is so hard to know everything about a property when buying.

Hope you have good future experiences whether you buy or rent.

Thank you Sandra. Got the next move coming up soon so fingers crossed I get to settle there for a while. Perhaps I will look into buying again