Facebook
X
Pinterest
Copy Link
Consider whether renting or buying is a better fit in retirement.
Homeowners heading into retirement may assume that they’ll want to continue to own their housing.
However, as wants and needs change with age, renting may be an option depending on what best supports your lifestyle and budget.
Buying
- Buying can offer stability.
- Monthly payments remain predictable, which is especially valuable on a fixed income.
- You’ll also build equity and have full control over your space.
- However, owning does come with maintenance responsibilities and upfront costs.
Renting
- Renting can provide more flexibility for location.
- There is some freedom from repairs.
- However, rents may increase with little notice, impacting your budget.
Renting or buying may make more personal and financial sense, depending on the individual’s priorities. Check out this article at usnews.com for more information.
#rentvsbuy #seniorrealestatespecialist #seniorliving #aginginplace #realestateforseniors #SRES
