How Buying a Bigger House Can Actually Save You Money

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How Buying a Bigger House Can Actually Save You Money
By Brittany Anas

It might sound counterintuitive, but buying a bigger home than you need or even a multi-family home (like an apartment building, two- or three-flat, or a brownstone) with units carved out could help you save some cash. Before you groan about having more bathrooms to clean, hear us out! With more rooms or units, you can take on renters to help offset your monthly mortgage and utility costs, putting money toward the principal of the loan while your property's value (hopefully!) climbs.

This strategy does mean you become a live-in landlord. Knocking on your roommate-tenant's bedroom door when rent is late? Yeah, that's awkward (but also avoidable as the real estate pros are about to teach us).

If you're ready to take a go-big-and-go-home approach to homeownership, here are a few pointers from experts to help navigate the process and avoid roommate drama.

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June 28, 2018 at 06:00PM
via Apartment Therapy | Saving the world, one room at a time https://ift.tt/2KsNW9W

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