Renting vs. Buying a Home
Conversation Starter Buying a home - it’s a big deal and a huge decision to make with a lot of factors that play into it. If you’re in our current rental market, chances are you’re paying a pretty penny every month so why not take the next step and use that money to pay your own mortgage? Let me expand on that. Let’s start the conversation… It's important to understand the pros and cons of both options before making a decision. Renting When it comes to renting, one of the major benefits is the flexibility it provides! You can typically move-out with only one months’ (30 days) notice and don't have to worry about the costs of maintenance, repairs and in some cases, outdoor maintenance (depending on what type of property you are renting). On the flip-side, you don’t have the permission to make any aesthetic changes to the property as you see fit and if you do, you could lose the damage deposit that all landlords take for such cases. That said, with approval from the landlord they may allow you to renovate, paint and make certain changes, but it’s at your own cost and not an expense you