One of the toughest choices you can make is if you should rent or purchase a home. Renting of course means you are free from worrying about home repairs, and even in some cases you don’t have to mow your lawn (especially if you live in an apartment or condo). Purchasing a home has its perks as well – you can change the layout of your home, paint the walls, and change out the carpeting at your own leisure.

How long are you thinking of living in the area? This question applies to many of us – if you are planning on living in the area for more than five years, purchasing a home is more than likely going to be a better option. If you are normally transferred because of job changes, or are considering moving within five years, renting is a better option.

How much money do you have built up in savings? When purchasing a home, you need a down payment. The higher the down payment you are able to place, the lower your mortgage payment. If you currently don’t really have the money for a down payment, you might want to consider renting for a while until you have some extra money set aside.

Call me today with any questions you have on finding the right Bucks County home. You can reach me at 215-519-1399 or visit my website for more information.