Owning a house before marriage is a question that needs to be addressed before one may decide to have his or her own home, especially when in a relationship already. Aside from price concern, there are things that a person needs to consider before buying a house a lovebirds nest, and it was discussed by Patricia-Anne Tom in her article:
Should You Buy a Home Before or After Marriage?
All lovebirds need a nest, and nowadays you and your significant other don't need to wait to tie the knot before you purchase a place to roost together. About one in four married couples between the ages of 18 and 34 purchase their first home together before their wedding date.
Yet, not all couples are suited to joining the pre-wedding, home-purchasing flock. More...
The idea that partners should own a house before marriage may be tempting. This could be interpreted as mature decision to make and to share with each other. However, before you go purchasing a house this 2016, there are important things that you should consider first, particularly on its disadvantages. In the following article of Scott and Bethany Palmer they highlighted some reasonable angles to check before doing the said thing:
3 Reasons Not To Be Homeowners Before Marriage
No marriage contract means no home contract. The major difference between dating and being married is a commitment to one another for life, contractually. In fact, a New York Times article reports that "real estate lawyers say that there are more complications for unmarried property owners who part ways than there are for married property owners who divorce - and a less clear process for resolving them."
You will be married to your partner's credit. When unmarried couples enter into a financial contract - like a home purchase - both credit scores are affected by the success of that joint agreement. Source...
If you want your relationship to last longer, doing things together and thinking over things together should be practiced. And same things should be done with the question at hand.
