Purchasing a home is like making two commitments simultaneously. The first commitment you make is financial. Nonetheless, owning a home is a far better investment than renting a home, as you’re building long-term value.
The second commitment you make is your lifestyle. For instance, the type of lifestyle you would have as a renter would be completely different as a home owner. Wouldn’t you agree that you would have more freedom and resources to raise a family in an owned home within a great neighbourhood?