You have no intention of living in it for at least 5-years. As previously mentioned, it’s only after a minimum of five years before you can recoup your investment.
Your job requires you to travel constantly. If you’re a first time homeowner, you won’t always think about your house’s upkeep after buying it. But homes require a lot maintenance if you want to keep free from damage and defects. Being constantly away from home will prevent you from maintaining your house properly. Remember that the way a house is kept and maintained can determine its resale value in the event you want to sell your house.
You’re single. Aside from cost, research also says that it takes about three years for a homeowner to decide to get an upgrade, which leads to a new phenomenon of first-time homeowners being in debt from bank loans because they want to upgrade their homes even though they are not financially capable to do so.