Possession of a house has advantages. You no longer waste your money on rent, you do not have to deal with unpleasant homeowners, and you know you always have a place to live. While these factors appeal to young people, there is one thing that few people think about: the benefit of owning a home when you retire.
Most likely, you do not want to spend your whole life working. Maybe you want to use your money to cruise in the Caribbean or to spoil your future grandchildren. Having a home can help you achieve your dreams. For that, think of your house as an investment rather than an expense. To each of you, you put in a little money until the house belongs to you. Then, if you ever need money later, you can always withdraw it. If you are lucky enough, you can even make money if the value of your home increases.