With inflation high and the cost of living on the rise, more people are considering how to save money on housing expenses. For some, that means moving in with parents, family members or roommates. For others, it might mean buying a house with a significant other before marriage.

In addition to today’s high mortgage rates and lack of housing inventory, there are a few unique things to remember before purchasing a home with your partner. Keep reading to learn more.

Key takeaways

• Cohabiting before marriage is increasingly common, but there are special considerations for unmarried couples buying a house together.

• Unmarried partners should take extra care in deciding who applies for the mortgage, how to title the home and what happens to the property if they split up.

• Purchasing a home before marriage typically offers fewer tax benefits than buying one after marriage.