House rent is definitely one of the largest expense of every household. The decision to rent or to buy a condo or a house has a long range financial repercussions. There are factors to be consider before making this decision.
How long do you plan to stay in the area where you live? If you will only be there for less than 5 years, you would probably be better off renting.
How much money do you have to put down on a house? How much money will you have left in savings after the down payment? If making your down payment depletes your savings so much that you do not have enough money to handle household emergencies, you might be better off renting until you have built up your savings.
Do you foresee wanting to remodel your home? If you want to be able to alter your home any way you wish, you would be better off buying a house than a condominium.
Are you handy? Are you willing and able to fix things around the house? If not, do you have enough money to pay a competent repairman to do these tasks?
Whether you decide to rent or buy, consider your lifestyle, current finances, and financial goals. Careful reflection on these issues will lead you to make the best decision for you and for your family.
For a no obligation consultation, contact
Reality Homes Inc. Our staff are professionally trained to handle any queries with real integrity to ensure you are completely satisfied.