Reading Text 1: Buying a House – A Long-Term InvestmentBuying a house is often considered a major financial milestone that provides long-term security and stability. One of the biggest advantages of homeownership is the ability to build equity over time. Unlike renting, where monthly payments do not contribute to ownership, buying a house allows individuals to invest in a property that may increase in value. This financial growth can provide long-term benefits, such as the ability to sell the house for a profit or use it as a source of rental income in the future. Another important advantage is having full control over the living space. Homeowners can renovate, decorate, and modify their property according to their preferences without needing approval from a landlord. In the novel Building Dreams, Emma Dawson, a young architect, decides to buy a small house instead of continuing to rent. Although the mortgage payments are high, she finds satisfaction in designing her own home, knowing that each payment contributes to her long-term investment. Her story reflects the sense of pride and financial responsibility that comes with homeownership. However, buying a house also comes with challenges. The initial cost of purchasing a home is often high, requiring a significant down payment, mortgage approval, and ongoing maintenance expenses. Homeowners must also be prepared for unexpected repairs, property taxes, and fluctuations in the real estate market. Unlike renting, where moving is relatively easy, selling a house can take time and may not always be profitable. Despite these challenges, homeownership remains an attractive option for those seeking stability, investment opportunities, and personal freedom in their living space. For individuals who are financially prepared and plan to stay in one location long-term, buying a house can be a wise decision. Source:Lewis, J. (2021). The homeowner’s guide: Benefits and risks of buying property. Housing Market Review, 12(3), 102-120. | 
