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Should You Rent or Buy?

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Jason Cohen, Pittsburgh real estate agent, considers the pros and cons of renting a home instead of buying one.

Publicado en: Sector inmobiliario
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Should You Rent or Buy?

  1. 1. S H O U L D Y O U R E N T O R B U Y ? JASON COHEN PITTSBURGH
  2. 2. OWNING A HOME HAS LONG STOOD AS A MILESTONE FOR SUCCESS.   Renting, in contrast, seems like a stopgap housing measure: suitable enough for now, but certainly not a permanent option. But while young adults (i.e., those under 35 years of age) remain the most likely demographic to rent, our homeowner-goal culture has taken a hit over the past decade. Currently, more households are led by renters than have been reported since 1965. Renting can't be considered merely as a stopgap measure for younger households anymore - but should you turn away from home ownership entirely? 
  3. 3. P R O Renting can be great for those who can’t or don’t like to be tied down. Students, temporary workers, and those with jobs that require them to move are better- suited to renting because they only need to be in a certain town or city for a short period of time. After their leases end, they can easily pack up and take off for their next opportunity - and leave the landlord to find a new tenant. Renting also provides greater flexibility to those who want to live in neighborhoods outside of their purchase price range. Flexibility
  4. 4. C O N Don’t like an apartment’s lime- green walls? Want to adopt a dog? You might be out of luck on both fronts. Tenants have limited control over what they can do with the property without the owner’s express permission. Before you sign a lease, make sure to read it thoroughly to understand a landlord’s restrictions. Otherwise, you may find yourself facing a hefty fine - or even an eviction notice.  Limitations
  5. 5. P R O Renters don’t have to worry about the nagging details of property management. When a problem with the hot water heater or electrical system arises, all they need to do is reach out to the landlord and wait for her to solve the issue at hand. Homeowners, in contrast, need to arrange for trash removal, sewer, water, and insurance costs on their own time and dime.  Simplicity
  6. 6. C O N A landlord can choose to sell their property at any time they please, leaving their unsuspected tenants in the lurch. Unlike homeowners, renters don’t have the security of knowing that they have a place to live months or even years down the line - or that they’ll continue paying what they are if they choose to stay. Even well-behaved tenants have no guarantee that the housing market won’t demand a rent hike or that their lease will be renewed.  Instability
  7. 7. Ultimately, the choice between renting and buying will come down to individual circumstance. Figure out what your situation and budget allows before making a decision!
  8. 8. M A N Y T H A N K S f o r m o r e , p l e a s e v i s i t J a s o n C o h e n P i t t s b u r g h . n e t

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