Take a look at most real estate ads and they will almost always take a jab at people who rent instead of buying a home. The last one that was circulating that really was cringe worthy was “You are buying a home no matter what. You just need to decide if you’ll buy one for yourself or buy one for your landlord.”
I might be the only real estate agent who says this, but renting is okay. Sometimes you need to rent to save money for a downpayment, or in order to get to know an area before investing in the area. Or just because you’re not ready to be a homeowner.
Something I always tell home buyers to consider is the fact that your rent payment is the most you’re going to pay to live in a house. When you own your minimum housing cost is your mortgage payment. You have extra expenses for maintenance that you will need to consider.
I am not say that you should only rent or you should only buy. I think you should buy when you’re ready and have the necessary funds. Your new home should be blessing not a curse. Every home you buy will need something almost on a monthly basis, so be ready to cover the expenses, and if you’re not, that’s okay. It’s okay to rent for a season in your life.
