Is It Better to Rent or Own a Home?

    The decision between buying a home versus renting a home all comes down to a couple key questions.

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    Today, we’re going to be talking about buying a home versus renting one. In 2008, the market crashed. This was a traumatic event for a lot of people at the time. Now, though, things are different.

    There’s no real right or wrong choice between buying and renting.

    When you think of buying a home versus renting a home, there are two key things you should think about:

    1. How long are you going to be in the home? If you’re going to be in a home for three years or more, a home purchase is probably the better choice.
    2. What is your lifestyle going to be like? A homeowner’s lifestyle is different from a renter’s lifestyle. If you’re an empty-nester or someone who isn’t family-oriented, a renter’s lifestyle may be more attractive to you. However, if you want a yard with room for pets and kids, homeownership is likely the better option.

    Ultimately, there’s no real right or wrong choice. It all depends on your personal circumstances and preferences.

    If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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