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Tip #1 - When to Transition from Renting to Buying

  • Writer: Brittainy Lykins
    Brittainy Lykins
  • May 2, 2020
  • 1 min read

The thought of purchasing your very first home comes with a ton of emotions - excitement and apprehension just barely scratch the surface!


I want to help guide you through how to be preparing NOW for purchasing your first home, regardless of what stage in the process you are at!



When to Transition from Renting to Buying

You should consider buying if:

  • You want to build wealth. Investing in real estate is the fastest way to add zeros to the end of your net worth.

  • You want to settle down, build community, and know you will be in the same location for at least 2 years.

  • You want to invest your income into property that will hopefully provide you with a payoff should you decide to sell in the future.

You should keep renting if:

  • You need flexibility and don't want to commit to staying in the same location for the foreseeable future.

  • You have limited income or are unsure about your current job. Renting allows you the flexibility to downsize your living space.

Ready to keep learning about the home buying process? Check out tip #2 – “Know What Questions to Ask and Who to Ask Them to”! Feel free to reach out to me at any point if you have any questions about what you've read, are ready to start the home-buying process, or anything in between!




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