It generally takes five years or more to break even on the costs of buying and eventually selling a property.

Unlike renting, you are responsible for all maintenance. Unexpected issues like a failing water heater can occur shortly after moving in. Questions for the Real Estate Agent

Before you begin touring homes, ask yourself these foundational questions to define your search parameters.

This must include your down payment, closing costs (typically 2–7% of the purchase price), and monthly mortgage payments. A common guideline is to keep your mortgage payment under 25% of your monthly take-home pay.