Buying a house as a single person is possible and comes with several advantages. Although a single income may present challenges, homeownership is a good investment regardless of relationship status. Key benefits include the freedom to make independent decisions without needing to compromise with a partner and the opportunity to build equity and wealth over time. Homeownership provides financial stability and the potential for asset appreciation, making it a sound choice for single-person households, which comprised 28% of the U.S. in 2021.
Buying a home is a financially savvy move for any household. If you've been putting off homeownership because you aren't in a relationship, this could be a mistake.
You get to call the shots: Ever watched those couples arguing on HGTV about how to renovate their home? When you buy a house with a partner, there are certain compromises you have to make.
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