With the decision to move in together comes a variety of other choices that have to be made together from where to live, whether to rent or buy and when to make the move.
We understand with these big life moments comes some big decisions. To make that easier for you we wanted to take a few moments to explain the benefits of buying versus renting. Also, we wanted to share with you some of the options to make this time in your life more enjoyable.
- You may consider renting because you are still trying to decide on what you want in a home and even where you want to live. Often when you are solidifying your life together it requires establishing careers in the same community and if one does not have that footing, it may be worthwhile to rent initially.
- When you purchase a home you are putting your money into equity rather than rent, which is simply an expense. Buying can also be the best decision if you are ready for a longterm housing solution for you and your family. As an owner, you have more discretion of how you live in your home too from painting the walls whatever you desire for decor to conducting home renovations to make your home more suitable for your lifestyle. Whereas when you are renting your housing you may have to get permission from the landlord and have certain restrictions.
Why Buy & Rent?
If you both currently live in your own homes that you own and are planning to combine your households. Then consider keeping the other residence but instead of living in it, rent it out! This way you can maintain the overall equity you have built up over the years and start strengthening your financial position as a couple by getting revenue with the rent of the other home.
Wherever life leads you, we want you to know that we are here to assist you. No matter the route you chose, we have options for you and we have industry experts to navigate you through. Let’s dive into this topic further CHECK IT OUT! Or better yet, give us a call at (307) 635-0303.