How to Decide if You’re an Eventual Homeowner or Serial Renter

Owning a home comes with many perks, like the freedom to decorate however you want and the ability to earn equity over time. There are many things to consider, however, before making the leap into homeownership.

The Considerations of Upkeep

Over time, your home will need maintenance and repairs. The main operating systems of a house will need regular attention; these are things like plumbing and HVAC systems. Cosmetic issues arise, too, such as broken doorknobs and cracked tiles. If you consider yourself handy enough, you can tackle some of these fixes on your own. However, bigger jobs like foundation repair will require the attention of farrar engineer Tulsa.

The Increased Permanence

Renewing a rental lease for a year is much less of a commitment than buying a house with a 30-year mortgage. If you are the type of person who experiences a little wanderlust more often than not, think carefully before buying a home. Some people enjoy the stability and routine of living in the same place for decades, but others need a change of scenery every once in a while. Do you want to plant roots, or do you still feel the open road calling?

The Feeling of Independence

Owning your own home offers a sense of freedom that renting cannot provide. Do you want to install open shelving in the kitchen, paint the siding pink, or turn the backyard into a flower-filled oasis? Go for it – if you’re a homeowner. Rescue a family of cats from the animal shelter without having to consult your lease’s pet policy. Hang as much artwork as you want without worrying about nail holes and your security deposit.

Being informed about your options is a great first step in any decision, but only you can decide what will work best for your lifestyle. Best of luck with your home buying, or renting, journey.