If you're wondering if either buying or renting a home in Yucaipa is better for your future, you're not alone in asking that question. As real estate agents that work in Yucaipa, we have a few tips for you to consider before jumping in:
- Can you afford it? This isn't a question you answer on your own. The best way to determine if you can afford buying a home is to consult a trusted mortgage broker or lender. They not only can help you determine if you can buy, but how much you can spend!
- Does purchasing a Yucaipa home fit your lifestyle? Do you have a family, or are you single and socially active? Would you like the upkeep and landscape maintenance or would you rather spend your time doing other things? These are serious questions that you should answer honestly.
- Is your job or career secure to the area, or could you be relocated? If a career relocation is a possibility, or if you're source of income is not entirely reliable, purchasing a home may not be a prudent decision for you.
- Do you really want to own a home? I know this seems like a silly question, but its worth considering. Unfortunately I've spoken with many homeowners that later admit they never really wanted to own. Home ownership does take responsibility, so be sure its right for you.
Here's a great video from Chase Bank about home ownership compared to renting. Give it a watch to give you even better perspective about what home ownership means: