By Ed Westerman, Broker
Country Lifestyle Realty, LLC
Your ownership investment may help you build wealth.
Owning and renting both have advantages. Your circumstances will likely help determine which you choose. Here are some things you will want to keep in mind as you weigh the benefits of renting Vs the benefits you will have as an of owner.
Budgeting is a must for either situation and will help you decide which is best for you. Over stretching your finances in either case can be very risky. Writing out your budget and financial savings goals will help you to focus on available choices. Perhaps doing a pro and con worksheet will help to see the better fit.
More things to consider….
There used to be a rule of thumb that said “renting is cheaper than buying” and therefore would allow other items to be in your budget. Nowadays, this is not necessarily so. The real estate and mortgage markets are much different than they were a few years back. Buying a home often requires more upfront money, but not always. Let me help you do your homework.
I’m Ed, call me@ 417-844-2626. I will help you find the facts as they relate to you. I have over forty years experience in rentals and sales.