Rent a home in your area today.
Most people know that buying is better than only being able to rent a home when we acknowledge the long-term benefits of homeownership. Benefits include having a place to stay, growth and a family lets you build wealth, an increase in your life expectancy, and so much more, something that no other investment can overcome.
Homeownership is the ultimate goal for many Americans, but we also understand that in some instances being able to rent a home can be the best option, to make things clearer to you we have identified with extreme precision the three scenarios in which buying can’t be a choice.
- If your job does not bring the security to fulfill future commitments, then do not buy a house, because you need to have a steady flow of income in order to make mortgage payments on time. Experts in the field also recommend setting aside any savings in the case because of any uncertainty that may present.
- You have a small place in mind but also want to have children, in that case, we suggest to find another home with plenty of space. Growing families tend to make this decision later on, just when they find out how such “confinement” is not working for them. If you think that a larger house is a little far from your possibilities then renting might be your solution.
- Something inside your mind makes you feel that in less than four years you might move to another place, for that situation we propose the benefits of long-term planning, plenty of experienced realtors say that “houses aren’t great short-term investments”. At least five or more years is the right amount of time for you to grow and invest in somewhere else.
All comes down to two segments, long-term and short-term options, the ones that can bring rapid solutions and the ones that can provide benefits in the coming years. When we talk about home-ownership it gets straight to the long-term category. Examine your possibilities, identify your scenario and start your course of action.