If you’re a homeowner in an expensive city, you may have been amazed when you learned what your home price could buy you elsewhere. The price of a studio apartment in Manhattan may well pay for a mansion in a mid-sized town in Minnesota.

Have you ever considered moving to a cheaper place so you can afford a bigger or nicer house? If the job you do can’t be done elsewhere, the idea’s a nonstarter, except if there are cheaper areas you could commute from. But if your job is the kind you can take to other cities, you may wonder whether you’d be better off a few towns—or states—over. Continue reading →

Contrary to what many people think, buying a home isn’t always the best choice. While we have somewhat of a cult of homeownership in the U.S., there are in fact many reasons renting can be a better way to go.

J.D. Roth at GetRichSlowly lays out a few of the myths that drive people to buy instead of rent: Continue reading →

It’s here! The big day where you have gotten all your savings together, your mortgage pre-approval set and now you and your realtor can head out searching for houses.

While it all seems pretty exciting when you’re watching House Hunters, there are a few key things that you are going to want to watch out for during the home buying process that can lead to trouble later on. Continue reading →