Renting Vs. Buying: What's Best For You?

Everyone has a different opinion on the best form of living when it comes to housing. Some prefer to rent and others choose to buy. But if you're confused, we'll help you pick what's best for you.

Buy if You're Looking for Security

Owning a home is a wonderful investment and one of the most secure ways to build wealth. So if you’re looking for the financial security that comes with having a place of your own, then buying a house is the way to go. You can choose to buy one for renting out or living in it yourself.

Rent if You Want Affordability

Renting a house is an affordable option for many people in the lower and middle income categories. That’s because people in these two categories are often earning just enough to cover their necessary expenses. So if that's the case for you, don't worry! You can rent while you wait for financial stability.

Buy if You Enjoy the Maintenance Work

Some people love the idea of maintaining their property and spend hours every week on upkeep. If that’s you, then purchasing your own property is a great way to go. Homeowners generally get to spend a lot of time improving their houses which can be a tough call for renters.

Rent if You Move Around a Lot

If you move around a lot because of work or personal expeditions, renting a house could be a good option. After all, it's easier not to sell a house every time you're moving to a new location.

In Conclusion...

There are advantages to both renting and buying - and both have their own unique drawbacks. It's up to an individual to decide which is best for them based on their situation, needs and priorities. But whether you want to buy or rent a house, you need a realtor to help you understand the local market. Reach out to the Jason Veenstra Team for all your real estate needs at 269-350-5514.