The time frame you plan to own the home and the economics are the most important questions (see next question). Other important questions to ask yourself:
- Do I want to control where I live, have more space and fewer distractions from neighbors, and a garage to park my car in?
- Do I wish to build credit for my future and equity for future home purchases? (Your mortgage credit history will greatly help you as you establish your life and practice.)
- Could I use tax deductions? Many accountants recommend home ownership.