Coldwell Banker Realty
Coldwell Banker Realty
Jamie Dee Frontiero, Coldwell Banker RealtyPhone: (603) 205-4705
Email: [email protected]

Renting vs Buying: Questions to Ask

by Jamie Dee Frontiero 01/09/2022

How do you know if it’s better to buy or rent a home? With so much to consider, this big life decision may seem overwhelming. However, as long as you focus on some key questions, you can make the best choice. Here are the questions to ask yourself if you’re trying to decide between renting and buying:

What’s Your 5-Year Plan?

Buying a home is a commitment. If you have a clear plan for the future and are comfortable to stay in one place, home ownership might be a good option for you. Thinking in terms of a “5-year plan” is a good way to determine whether you should buy versus rent, because it takes approximately 5 years for a house to appreciate enough value to make up for the cost. Also, mortgages often have fixed terms that will penalize you for paying off or breaking contract early.

Renting gives you more freedom to move around and change your mind in the future. Most rental agreements are for a year or less and some even allow month-to-month commitments. If you do not want to stay in one geographical area for the long term, renting is a good idea. It’s also simpler if you decide or need to make a career change requiring relocation.

What Specific Aspects of Home Ownership Appeal to You?

Home ownership has amazing benefits. However, it’s important to consider which of those benefits matters the most to you in your situation. A good question to ask yourself is what specifically about owning a home appeals to you. Do you want complete autonomy over things like design, landscaping and maintenance? If so, buying will be better than renting for you. If you are looking for a sense of permanence and the ability to truly make a space your own, ownership will also provide you with those benefits over renting.

These are just a few things to think about when deciding between renting or owning a home. Weigh your options and ask yourself these questions in order to make the best choice.

About the Author
Author

Jamie Dee Frontiero

Since joining Coldwell Banker, Jamie has distinguished herself as a Top Producing Realtor along the MA North Shore & NH Seacoast. She has been the #1 Agent in her office since 2014 & consistently ranks in the "Top 100" of all Coldwell Banker agents across New England. Jamie's proven track record of high-annual sales coupled with a genuine respect for her clients sets her apart from other agents...she is known for her energy, tenacity & contract expertise. 

In today's dynamic Real Estate Markets property presentation has become incredibly important so to ensure every home-for-sale looks stunning online & in person, Jamie provides Professional Staging & Photography services, at no cost to her sellers. Year after year Jamie's listings attract the strongest buyers, sell in the shortest time possible & for the most money!

If you're looking to make a change in residence & would like to experience a well-managed & successful real estate transaction, Jamie would be delighted to hear from you and honored to represent you!