• Home
  • About
  • Life Style
  • Family
  • Tips
  • Health
  • Business
  • Pets
  • Recipes
  • Contact
    • Facebook
    • Instagram
    • Twitter

When Parents Text

When Parents Text

Rent vs. Buy: Which one is right for you

November 16, 2018 by Annie

There comes a time in life when you are in a position to buy your first home but this doesn’t mean that you should! For some people renting is the better option; for others it’s right to buy. But how do you know which is the right option for you?

Check Prices

If you think you’re ready to buy then you need to take a look at the houses on the market and what price they sell for. It may help to see a financial advisor first to establish how much you could borrow.

You’ll then be able to see what properties are available in your price range.

In general you’ll get a better property when renting; you’ll need to decide if the houses you can buy are appealing enough to you;

When considering house values it is worth looking at what auctioneers such as Cscerri Auctions have on offer. There can be some great deals if you’re prepared to do your research and take your time.

Pros & Cons Of Buying

The monthly payment when buying is usually less than the monthly rental cost. However, you will be liable for all maintenance and repairs. This means you’ll have unexpected bills that can stretch your budget; usually at the most inconvenient time.

However, on the plus side once you’ve paid off the mortgage there will be no monthly payment and you’ll be financially secure as you’ll own the house and can sell it if you need a large chunk of money.

It is worth noting that selling your home takes time. If you’re likely to need to move in a hurry then buying may not be the best option for you.

You should also consider the property market. If house prices fall, as they are currently doing; you may not have enough equity to pay off the mortgage and may be trapped in your home.

Pros & Cons Of Renting

Renting can actually require you to pay a significant sum of money up front. This is the deposit and at least one month’s rent before you can move in. This can be a sizeable amount of money to find and not that much less than the deposit for a house!

However, if you’re renting you’ll not be surprised by maintenance bills on your property; your landlord will need to take care of all of these bills.

It is also much easier to move when you’re renting; simply hand in your notice and you can move out as soon as the notice period has expired.

Of course the major downside of renting is that you’ll never own the property; this means you’ll have to pay rent for life and can’t use the property as a retirement income.

The decision as to whether to rent or buy will be personal. It will depend on your financial position and what you are hoping to achieve in the next few years. If you think you’re going to need to move within the next 2 or 3 years it is usually not a good idea to buy.

About Me

Hi! I'm Annie and I have 3 kids (all in their teens - yikes!). My mommy blog isn't all about lunches and DIY - it's also about humour. Like how my kids make fun of my texts as if I don't know how to use emojis (I DO!). Now that I have a bit more time - since my kids don't want to hang out with me (teenagers), I have taken up blogging.

What Is a Hostage Money Organization?

February 8, 2023 By Annie

Great Ideas For Employee Appreciation Gifts

February 7, 2023 By Annie

Bring The Outdoors In – With Retractable Screen Doors for Your Home

February 6, 2023 By Annie

DIY Bathroom Upgrades

February 6, 2023 By Annie

The Secret to Making Tasty Kidney-Friendly Dog Food

February 6, 2023 By Annie

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • Facebook
  • Twitter

What Is a Hostage Money Organization?
  • Business

What Is a Hostage Money Organization?

By Annie / February 8, 2023
A hostage finance organization is a completely claimed auxiliary that funds retail buys from the parent firm. They range from...
Read More
Great Ideas For Employee Appreciation Gifts
  • Business

Great Ideas For Employee Appreciation Gifts

By Annie / February 7, 2023
Employee appreciation gifts help companies to recognize the hard work of the people that they depend upon, and there are...
Read More
Bring The Outdoors In – With Retractable Screen Doors for Your Home
  • Life Style

Bring The Outdoors In – With Retractable Screen Doors for Your Home

By Annie / February 6, 2023
What is a retractable screen door? It is a type of screen door that is easy to use and it...
Read More
DIY Bathroom Upgrades
  • Life Style

DIY Bathroom Upgrades

By Annie / February 6, 2023
Believe it or not, there are some bathroom upgrades that you can do yourself and it takes less than a...
Read More
The Secret to Making Tasty Kidney-Friendly Dog Food
  • Pets

The Secret to Making Tasty Kidney-Friendly Dog Food

By Annie / February 6, 2023
Finding out your pup has chronic kidney disease (CKD) or is at risk of chronic kidney failure can be difficult....
Read More
Key Steps to More Efficient Parenting
  • Family

Key Steps to More Efficient Parenting

By Annie / February 3, 2023
Level up Your Child's Self-Esteem As children grow up, their sense of self-esteem starts to develop through their parents' expressions,...
Read More
Why Your Children Need a Loving Relationship with Their Grandparents
  • Family

Why Your Children Need a Loving Relationship with Their Grandparents

By Annie / February 1, 2023
Children need love and support as they are growing up, and this kind of positive relationship with their parents is...
Read More
Top reasons it is essential to have a lawyer during a child support case
  • Family

Top reasons it is essential to have a lawyer during a child support case

By Annie / January 30, 2023
Child support comes in handy, especially after separation or divorce. In most cases, these matters have to be settled in...
Read More
What is the Bankruptcy Means Test
  • Life Style

What is the Bankruptcy Means Test

By Annie / January 30, 2023
The Bankruptcy Means Test is a tool used by the United States bankruptcy court system to determine whether an individual...
Read More
  • Uncategorized

3 Ways To Get Your Life in Order

By Annie / January 30, 2023
Article for : https://www.whenparentstext.com/ 3 Ways To Get Your Life in Order Are you feeling like your life is a...
Read More

About Us

Hi! I’m Annie and I have 3 kids (all in their teens – yikes!). My mommy blog isn’t all about lunches and DIY – it’s also about humour. Like how my kids make fun of my texts as if I don’t know how to use emojis (I DO!)... Read More…

When Parents Text

  • Home
  • About
  • Life Style
  • Family
  • Tips
  • Health
  • Business
  • Pets
  • Recipes
  • Contact

© 2023 · Pretty Creative WordPress Theme by, Pretty Darn Cute Design