Should I buy or Rent?

Today more than ever, this question is asked of Boston real estate professionals. As rental prices continue to skyrocket and the overall economy continues to improve, many are considering buying or moving. The correct answer to this question is “it depends”. Each individual or family is different, with a unique set of life goals, aspirations, budgets and timelines.

There are many rules of thumb that are used in Real Estate. You may have heard from someone that you should only buy if you plan to live in a home for 5-7 years. Or, you may have consulted with online buy or rent calculators, like the New York Times calculator. For many, but especially for young professionals, 5-7 years may seem too far out to plan. This is where personalized information from a Real Estate expert with knowledge of the Boston real estate landscape becomes so important. We sit down with our clients to understand their goals and objectives, their budgets, and weigh the many options. Depending on the individual or family, buying or renting both offer distinct advantages and disadvantages. Before embarking in either direction, you need to work with an expert, someone who will understand your goals and act on your behalf, guiding you down the right path.

If you are deciding whether buying or renting is right for you, contact us today. We will sit down with you to review your goals and craft a plan that meets your needs for both the short and long term. Our local expertise and personal approach ensures that you will enjoy the best possible outcome for your situation.

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