Should I buy a home or keep renting if I only stay there 50% of the time?

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  • #108821 Reply
    Karen

      You probably already know the answer. The benefit of home ownership is more control. The problem of home ownership is more cost and more commitment.

      I would first try renting somewhere else.

      I used to be a landlord and didn’t act at all like yours, I think you can find a place with more respect and peace without the huge life change of ownership.

      #108822 Reply
      Sherene

        If you plan on being in the area for 5-7years more, buy, if not, move. As a LL myself in a MCOL area, my property taxes, insurance, utilities, services etc have doubled in the last 5 years so it may have hit your LL harder since its a HCOL area.

        When I look at other markets I’ve been in or in general have kept track of, same story.

        Buying will be tough for a few years but you’ll be glad you did it after a few years have passed.

        Good luck!

        #108823 Reply
        Leslie

          I love condos! I travel a lot so for me the HOA is worth it. My HOA takes care of all exterior maintenance, pet control, etc.

          Condo have lower utilities, water, and a lock and leave lifestyle.

          If you ever get where you don’t need it you could rent it.

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        Reply To: Reply #108821 in Should I buy a home or keep renting if I only stay there 50% of the time?
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