Category Archives: Renters

Buy Now or Rent Longer? 5 Questions to Answer Before Purchasing Your First Home

Buy or Rent? 5 Questions to Answer Before Purchasing Your First Home Picture of couple hugging standing in a house with moving boxes

Deciding whether to jump into the housing market or rent instead is rarely an easy decision. This is especially true if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership. Here are some ways to figure out if it makes more sense to buy or rent.

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Rent Again?

rent againAfter you take the training wheels off your bike and learn to ride it, you’d never consider putting them back on again. Similarly, once you’ve owned a home, you might think you’ll own a home from now on; but there may be some situations where it makes sense to rent again.

Big shifts in a person’s life like a divorce, death of a spouse, empty nesting or a temporary transfer to a new city are certainly things that may warrant renting, at least temporarily, until you know what your long term plans are.

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