end of lease
TRANSCRIPT
FOR RENTERS
55
CO
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IDER
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END OF LEASE
Some people are lessees for life, and others consider it a short-term stop-gap towards the ultimate goal. How do you make that decision? Do you renew your
lease or not? If you decide to move out, are you going to find another place to lease or are you
going to buy? Here are some factors to consider:
1 MONEY
TIMINGWhat is going on in your life right now? Are you ready for
home ownership? What happens if you wait a year? Will you be in a better/worse
position down the road?
3
4 MARKET
Do you think the market is going to decrease, providing a better opportunity to
purchase down the road? If the market continues its upward trend, will you kick
yourself for not buying sooner?
5 MOVING
Change is a good thing, and living in a different building and in a different neighborhood might expand your horizons a little bit.
If you’re renting for $1600/month, can you afford to pay a $1600 mortgage? Consider
that you’ll also be paying property taxes
and monthly maintenance fees as
well.
2
Do you have a roommate in your rental unit? Is he/she coming with you when you purchase? Do you
see an engagement or marriage in the near future, meaning your plans
could soon change?
LIVING ARRANGEMENTS
SHOULD I STAY OR SHOULD I GO?