Is it better to rent or buy a house?
Considerations may include your age, stress level and investment outlook.
In light of uncertain economic conditions here are some questions you should ask yourself before you make your decision:
- Do I want to be burdened with the stresses of home ownership
- Do I want to invest the additional funds required to own & operate a home.
- Do I want to pay:
- Property Taxes
- Property Insurance
- Homeowners Association Fees
Maintenance costs, in particular, cannot be underestimated. If your furnace fails or a pipe leaks, you have to hire a professional … and that assumes you find someone whom you trust and with whom you feel comfortable.
There are other costs as well. As a homeowner, you may find the sudden need for a new appliance, a lawnmower, snow shovels, etc., etc. It all adds up.
Senior Housing Alternative believes the financial and physical answers are clear. We would be very happy to sit down with you and review the numbers. We are certain you will be amazed at how much money you’ll save being one of our residents.