Should I Rent or Buy-to-Own My Home?
Many people find themselves in different investment opportunities
throughout their lives, some more financially advantageous than others.
While those that rent to own their apartment or home can expect more of
a sense of 'liberty' or ability to 'up-and-go' anytime should a better
housing or career opportunity arise; those that own their homes are in a
less 'flexible' situation. Also, it's worth pointing out the benefit
that those whom rent their home or apartment versus own typically don.t
have to take on the potentially thousands if not tens of thousands of
dollars every several years for maintenance, construction, or other
damages necessary for repair not otherwise caused directly by the
tenant. When on the other hand, in contrast, should you own the home.it
is indeed essentially your problem, with or without the application of
home owners insurance, you're still going to pay a higher premium or
price and take on more responsibility than a renter would.
A lot of people prefer and stand behind the idea of renting an apartment
or home because it also protects them from the uncertainty of the real
estate market.meaning they don.t have to invest