Purchasing a house is a significant financial and emotional investment, and it can be even more complicated when you’re an unmarried couple. There are additional legal and financial considerations to keep in mind, but with careful planning and preparation, it is possible to navigate the process successfully.
One of the first things to consider is how you will hold title to the property. Joint tenancy is a common option, which gives both partners equal ownership rights and responsibilities. However, you may also want to consider tenancy in common, which allows each partner to own a specific percentage of the property. This can be helpful if one partner contributes more financially to the purchase or if you have different financial goals.
