1. You don’t know if you’ll keep your home for five or more years
If you decide to sell your home soon after buying it, you could lose part or all of your investment. Although property values typically increase over time, they can rise and fall with the health of the local economy. If you decide you must sell during a housing market downturn, you could lose money. Mark Goldman, a loan officer based in San Diego, generally recommends that buyers plan on keeping their homes five years or more to increase their chances of getting a good return on their investments.