As the housing market continues to fluctuate, does it make more sense to rent a home or take on a mortgage payment? The answer is different for everyone depending on your personal finances, long-term plans, and the real estate market around you. Which decision is best for your lifestyle?
There are many reasons why someone might prefer to rent a home. For Instance, if someone plans on living in a specific location for a short amount of time they might choose to rent instead of making a long term commitment on a mortgage payment. Another reason might be that, with renting, the landlord is responsible for fixing any issues that might come up with the property, for example, a fallen tree, bad roof, burst pipe, etc. Some indications that renting might be a good option for you is if your finances are likely to change often, you can’t or may not be able to keep up with home repairs, and if you’re not sure how long you will be in the home.
Home ownership is one of the fulfillments of the American dream, everyone wants to at some point. Many would agree that the home buying process is one that requires lots of consideration and commitment to work out in the long run. You want to be sure of all of the factors of owning a home before you do it. Be ready to pay a down payment and any other related closing costs. Some things to keep in mind when it comes to owning a home is the duration of how long you’d like to stay in that home, monthly expenses, and maintenance of home. Be sure that your home is not only suitable now, but in years to come as well.
In the end, this decision can only be made by you and determined by your individual circumstances. If you decide that buying a home is better for you, The Laurie Ann Truluck TEAM includes 10 Real Estate agents that are committed and qualified to help you with your home buying process. If you are currently ready to buy a home, please send an email to firstname.lastname@example.org or call our team at (352)-877-3887 and we’ll be happy to start working with you right away! If you are not ready yet, we can still work together! If you would like to work together in the near future, we can help you start the process and wait for you until you are ready! See what others think of our service HERE!