There is really no going back once we turn 18 because suddenly there are more expectations on us than ever before. We have to get a job, become financially independent, move out to get a place of our own etc. While the buddy system worked great during college and our early 20s, we cannot stay with them in an apartment forever, especially when you have plans on settling down in the future.
A lot of families do live in condos and apartments but there are a number of reasons why you should consider getting a home for yourself, some of which we will be discussing below.
If you look at it from a business perspective, buying a house is property investment and then ultimately property ownership. This is something you do not get with apartments and while condos are also a step towards property ownership, they are not necessarily the smartest step given how the resale price does not compete with the original selling price at all. In the end, a house is permanent and will be yours regardless of how many years have passed.
If you are planning on settling down and having a family, a house is a better option for you. Compared to other options, you get more rooms and bathrooms in a house setting. You also get a backyard and more property for your family to live in. You are not bound by any rules as to what you can or cannot do with your house and you get to maintain your privacy as well. In short, a house provides the best environment for your family to grow. In case you are interested in getting a house, it is recommended to get your finances and the necessary paperwork in order before contacting the mortgage company.