One
of the toughest choices you can make is if you should rent or purchase a home.
Renting of course means you are free from worrying about home repairs, and even
in some cases you don’t have to mow your lawn (especially if you live in an
apartment or condo). Purchasing a home has its perks as well – you can change
the layout of your home, paint the walls, and change out the carpeting at your
own leisure.
How long are you thinking of living in the area? This
question applies to many of us – if you are planning on living in the area for
more than five years, purchasing a home is more than likely going to be a
better option. If you are normally transferred because of job changes, or are
considering moving within five years, renting is a better option.
How much money do you have built up in savings? When
purchasing a home, you need a down payment. The higher the down payment you are
able to place, the lower your mortgage payment. If you currently don’t really
have the money for a down payment, you might want to consider renting for a
while until you have some extra money set aside.
Call me today with any questions you have on finding the
right Bucks County home. You can
reach me at 215-519-1399 or visit my
website for more information.
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