Diana Gould's Blog
When you’re looking for a new place to live, it’s a valid question to ask whether you should rent or buy a property. After you take a good look at your finances, you may want to consider the following advantages to renting instead of buying:
Less On Your Shoulders
Once you buy a home, there's a lot of responsibility that you take on. Aside from a new type of financial burden, you’ll find that you have more to take care of with a home. If anything goes wrong in the house, it becomes your issue. Everything from broken locks to leaky toilets in your own home are something you must take care of. If you rent, it’s your landlord’s responsibility to fix those problems.
Whether you own or rent, you’ll need to pay a monthly fee to live on the property. The payment could be in the form of rent or a mortgage. Being without a mortgage, however, has its advantages. Renting means that you’re only responsible for the monthly rent and utilities. That’s it! Buying a home puts you instantly in debt- by a few hundred thousand dollars that is! You’ll also need to pay taxes, insurance, and keep some money aside for repair costs. Once you buy a home, buying just about anything else using credit can be difficult as well, not to mention a bit more costly due to higher interest rates.
No Need For A Lot Of Financing Paperwork
While you’ll need to fill out a rental application to rent a home or apartment, there’s very little involved. Buying a home, however, requires you to disclose your life story in order to get a mortgage. While you may be prepared to do that, some people don’t have the time or patience to wait to get approved for a mortgage. If you need to move quickly, keep this in mind.
When you’re renting a home or apartment, you’re free after the terms of the lease are up. You can move wherever you want once you have met the agreement. There’s no strings attached! The best part is that you don’t need to find a replacement tenant. It’s the job of your landlord or rental company. There’s no need to go through the stressful process of selling your home while you’re still trying to find a new one.
While buying a home gives you equity and a type of financial backing, renting can be advantageous for many reasons. This is especially true if you’re not planning on staying in an area for more than a few years. Being a tenant gives you the freedom to allow you to lead a more flexible lifestyle. When you’re considering your living options in a new city or town, think long and hard about your lifestyle. While buying a home may seem like the “responsible” thing to do, it’s not for everybody!
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The kitchen is the center of the home. It’s where families ultimately end up gathering throughout the day. Whether for breakfast, dinner, to chat over tea or wine it’s a place for connection with those we care about.
And as a room that we spend so much of our time in why shouldn’t it be the best room in the house? Here are five kitchen features to look for while house hunting for your dream home.
Custom cabinetry promises quality, natural wood that has been hand designed by a craftsman. No out of the box carbon copies here. Since time and resources were allocated towards adding custom cabinetry you can also be sure careful planning was as well. The cabinetry should enhance and fit artfully within the kitchen and around architecture capitalizing on space.
A large kitchen island is quickly becoming a necessity for homeowners upgrading their spaces. Providing more than just extra prep space it allows for the family to gather while cooking, working on homework or socializing over cocktails. Look for options that can comfortably seat six to eight people especially if you love hosting others often.
Depending on your preferences you may find your countertops more important than counter space. Quartz and marble countertops are quickly replacing granite. And rightly so, they make for a stunning centerpiece of the room. They are slightly more high maintenance but well worth the effort. If you are so lucky to have these countertops in your new home be sure to pick up some trivets with padded feet and Bar Keepers Friend to preserve their natural beauty.
Natural stone tiling is forever a classic. If you’re seeking a home that is timelessly elegant natural stone is a must-have. Marble is the most coveted. And if radiant heat flooring is on your wishlist for those early Sunday mornings cooking pancakes natural stone makes for a perfect duo.
A walk-in pantry for the home chef is akin to a shoe closet for the fashion forward. Allowing plenty of storage space, a walk-in pantry begs to be filled with cookbooks, specialty ingredients and you’re most prized appliances to be put neatly on display. Consider the proximity of each pantry to your cooking space. You’ll want one that feels like a natural extension to the kitchen and not like you’re going out of your way each time you need to gather necessary ingredients and supplies.
If you have your heart set on any of these features but find an almost perfect home without them leave room in your budget to upgrade after the sale. This way you will not only have upscale features but ones that are completely customized to your exact preferences. You’ll have plenty of time to make these decisions without the rush of balancing out the pros and cons before placing a bid.