No matter your stage of life, to rent or buy a home can come into question. There are multiple factors that come in to play when deciding between the two.

Stability/Lifestyle: Some people enjoy the freedom that may come with renting rather than buying a home. At the end of your lease term you have the option to pack your belongings and move across town, or across the country. This is not to suggest you have no freedom with home ownership, but the ease in which you can spread your wings is apt to vary. Chances are likely you have signed a thirty year mortgage; do you sell – if so, how fast will it sell? Can you afford to pay your mortgage and pay rent, and utilities, and …? Are you subject to relocation by your employer? Are you a free spirit? Do you have a preference for roots and stability?

Asset management: This is a classic example of what you are likely to hear from family and friends at the mere mention of indecisiveness in the rent or buy a home battle; “You’re throwing your money away when you pay rent.” While this may be common thinking, it is not necessarily true. Sure, when you buy a home you have an asset. Every payment you make develops equity and in just thirty short years you will own that home. Yes, it is the American dream! And yes, if you pay rent for thirty years, you have significantly contributed to someone else’s dream coming true. However, value is in the eye of the beholder. If you never had to break a sweat mowing the lawn, or pay $5,000 for a new HVAC system, or homeowners insurance (although you should definitely have renters insurance) it may be well worth it.

Regardless of your financial position, aptitude for performing home maintenance, your preference of roots or wings, or even peer pressure, the decision to rent or buy a home is a personal one. Do what is right for you.

Take a look at our Branson, MO rental Houses, Condos , Apartments , Duplexes , and what is Coming Soon !

Call us Today at 417-337-RENT (7368) and let our leasing professionals provide you with all the tools you need to make your move easier. Thousand Hills Realty…”LEADING THE WAY HOME!”