RENTING vs BUYING
RENTING vs BUYING The dilemma that has wracked most people’s mind at one point or another – renting vs buying – can easily overwhelm someone when they want to make a location change in their life. How do you know if the decision you are making is right for you , not just in general? Here are some important topics to consider in the battle of renting vs buying. Flexibility How flexible do you want to be in the place you will move into? If you like being able to move at the drop of a hat, renting could be the option for you as you can move without penalty when your lease ends. This flexibility goes both ways, however. Just as you are flexible to leave your rented unit, so, too, can your landlord sell the unit and force you to find a new home unless you are in a dedicated rental building. Budget Many people prefer to own their own home because they know that each month their money goes towards building equity. These people might not have considered the budgetary st...