Buy vs Rent
Many factors weigh into your decision to buy vs rent. This interactive calculator from the New York Times may help take some of the guess work out of the decision.
So many fears these days are delaying many of us from going forward with our dreams, goals and basic quality of life.
When I first got into the real estate business, one of my first clients was an engineer. He was thoughtful, analytical and cautious. We looked at a lot of homes together while we had their home on the market anticipating the day we got an offer. That day came and we quickly narrowed the choices down to 2 homes.
One of the homes was in prime condition. It had been updated as well as incredibly well maintained. I failed to mention that my client had a miniature train hobby that was and still is very important to him. The basement in his current home was running out of room to house his collection. So a basement was of great importance to him. The basement of house #1 was ideal for his trains.
House #2 was an older home than house #1. It was a 2 story brick and it had settled. Now remember we are working with an engineer here. The cracks in the brick were big and ugly and numerous. But that wasn't the biggest issue, the basement had a stone foundation (damp) and the ceiling was so low you couldn't stand up.
When my clients and I sat down to write the offer I had no doubt in my mind that both husband and wife would choose house #1. When I pulled out the paperwork, my client looked me straight in the eye and said "When you buy a home, you buy with your heart - not with your head." They bought house #2 and some thirty years later are still living in it.
How important is our home to our quality of life in the buy vs rent dilemma?
Cnn Money says buying wins these days from a buy vs rent financial standpoint too.
Search for Homes in St. Louis with Barbara Heise