Vikki and tim ages 27 and 29 have been married for six


Vikki and Tim (ages 27 and 29) have been married for six months already, and they realize that Vikki’s apartment is a tighter fit than they expected. On Sunday afternoons, they take drives around different parts of the city to look at houses. They find a beautiful neighborhood that they really like. However, to stay in their price range, they determined that the house they buy will need to be a “fixer-upper” instead of a home in “move-in-condition.” They want to buy a house that will grow with them since they want to have children. Vikki and Tim hope to be able to make an offer on a house in less than one year.

What lifestyle and financial differences should Vikki and Tim expect living in a house versus living in an apartment?

In order to get the best rate, what steps should they take before they apply for a mortgage?

What are some of the tax advantages of owning rather than renting?

What are some of the things they should consider before buying a “fixer-upper”

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