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House Buying vs Renting: Home

House Buying vs. Renting

Check-Out a Book from our Collection...

Link to Nolo's essential guide to buying your first home by Ilona Bray in the catalog
Link to Dream home : the Property Brothers' ultimate guide to finding & fixing your perfect house by Jonathan Scott & Drew Scott
Link to The New York times right at home by Ronda Kaysen and Michelle the catalog
Link to Personal finance in your 20s & 30s by Eric Tyson.
Link to So You Want To Buy A House? by Charles Myles Jr. in Hoopla

To Rent or to Buy...

Renting vs. buying a home is a big decision. In recent years, a higher percentage of  U.S. households were renting than at any point since 1965, according to a Pew Research Center report. However, both have key advantages and disadvantages that should be considered before making a choice.

The answer to the rent vs. buy a home debate isn’t so cut and dried. Here are five questions to ask when considering renting vs. buying:

  1. How much can you afford in monthly housing costs?
  2. Are you prepared for a long-term investment?
  3. How long do you plan to stay in the home? (One rule of thumb: If it’s less than five years, you might want to rent.)
  4. Do you want stability or flexibility?
  5. Can you afford home repairs/maintenance costs?

Continue reading from Bankrate

First Time Homebuyers

Buying a first home in Connecticut can be a financial challenge. Help is available for first-timers, whether they’re shopping for a New Britain colonial, a New Haven condo or a New London cottage. Continue reading from Nerdwallet

Is Better to Rent or Buy?  What to do in a Hot Housing Market with Surging Rent and Home Prices; its Worth Doing the Math.  Continue reading from The Wall Street Journal

Watch and Learn

Apartment Checklist

Whether you are moving out of your parents’ house or making the jump from dorm to apartment, moving into your first apartment is a super exciting time in your life. Moving to an apartment also might be your first major step into adulthood. You’ll have new freedom as well as new responsibilities. Continue reading from ApartmentList

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