article thumbnail

The Pros and Cons of Buying a House

PennyMac

Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. After evaluating the pros and cons of buying a house, are you ready to start your home buying journey? Process can be complex.

article thumbnail

Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

Couple this with the improved job market and an upswing in home values, and you have a tidal wave of homeowners willing to invest in fixer-upper dwellings. In 2018, homeowners reported an average of $7,560 or more on major home improvements , up 17% over the previous year. Plus, it can be a great investment.