Ability Realty

If you’re thinking about moving any time soon, you have a major decision to make. Not only will you want to find a new house that’s comfortable, affordable, and in a good location, but you’ll also have to decide if you want to rent or buy. Both renting and buying offer their own distinct advantages, so it’s up to you to decide which is right for you. Read on to learn what you should consider when you’re deciding whether to rent or buy your next house.

Mobility

Depending on your current job and overall life situation, you may have the freedom of mobility. Some people choose to live overseas for a year or are considering moving to another city in the near future. If this sounds like you, then renting might be the right choice. When you rent a house, you are typically in a much shorter-term agreement than when you own a home. Your lease can end and then you’ll have the freedom to go anywhere you choose—or stay put and re-sign for another year. As a homeowner, you’d be much more tied to where you live, and it would be a more involved process to sell and move someplace else.

Job Security

The economy has changed a great deal in recent years, and has made many people feel less secure in their jobs. If you have saved up your salary and have enough to keep you afloat in case the worst happens, then you may want to invest in buying a home. However, if your job has been less stable recently, it might be a better idea to rent than to find yourself suddenly in an upside-down mortgage.

Area Prices

Some people think that owning a home is always cheaper than renting, but that’s not necessarily the case. There are other costs associated with home ownership besides the mortgage payment, and in certain areas, it might be cheaper to rent than to own. A local real estate broker can compare the costs of the two for you so you can make a wise decision.

At Ability Realty, we know Tucson and its homes. Contact us at (520) 296-7143 to inquire about houses for rent, houses for sale, and the local real estate market. We are a family-owned and operated business dedicated to helping you find the best home possible.