Why marriage may be easier than owning a home

| Feb 15, 2018 | residential real estate

To some people in Florida and throughout the country, marriage may seem like a bigger commitment than buying a house. However, this may not necessarily be the case. For example, it may be possible to return a ring or get a refund on a wedding if someone backs out. That is generally not the case if buying a home doesn’t work out as planned.

If an individual gets into a dispute with a spouse, it may be possible to simply go somewhere else for a while to let the situation dissipate. If there are issues with the house, it isn’t possible to simply ignore or run away from them. When a pipe breaks or a water leak occurs, ignoring the problem only makes it harder and more expensive to deal with.

In the event that a person wants to end a childless marriage, it is merely a matter of dividing assets and moving on. To walk away from a house, it first requires someone else to buy the property. Otherwise, an individual may be on the hook for the mortgage and other maintenance costs. In most cases, people tend to work on themselves and improve as they age. With a house, it is more likely that it will fall apart or otherwise get harder to deal with the older it gets.

Buying a residential property may be an enormous commitment for the owner. In addition to making mortgage payments and paying maintenance costs, it may be necessary to determine how to title the property. For those who aren’t married, it may be a good idea to create an agreement as to what happens to the house if the relationship ends. An attorney may be able to assist in creating such a document.