🤔 Rent or Buy? A Quick Checklist to Help You Decide

1. Consider Your Plans:

• Will you stay in the same area for at least 3–5 years?

• Do you need flexibility to move for work or lifestyle?

2. Look at Your Finances:

• Do you have savings for a down payment and closing costs?

• Is your income stable enough for long-term mortgage payments?

• Can you comfortably afford property taxes, insurance, and maintenance?

3. Compare Monthly Costs:

• What’s the rent for a similar place in your area?

• Would mortgage payments be higher or lower?

• Don’t forget utilities, condo fees, or repairs.

4. Think About Lifestyle:

• Do you prefer the freedom to renovate and personalize?

• Would you rather avoid maintenance and repairs?

• Do you value stability or flexibility more right now?

5. Evaluate the Market:

• Is it a good time to buy in your area?

• Are home prices rising faster than you can save?