You should consider buying if:
- You want to build wealth. Investing in real estate is the fastest way to add zeros to the end of your net worth.
- You want to settle down, build community, and know you will be in the same location for at least 2 years.
- You want to invest your income into a property that will hopefully provide you with a payoff should you decide to sell in the future.
You should keep renting if:
- You need flexibility and don't want to commit to staying in the same location for the foreseeable future.
- You have limited income or are unsure about your current job. Renting allows you the flexibility to downsize your living space.
Ready to keep learning about the home-buying process? Check out my blog with tip #2 – “Know What Questions to Ask and Who to Ask Them”
Feel free to reach out to me at any point if you have any questions about what you've read, are ready to start the home-buying process, or anything in between!
