After school, as you are getting your adult life started, establishing a career, getting married and starting a family, you need a roof over your head. But which is better, renting or building a house?
Both options have its advantages and disadvantages, and the best option for you will depend on your unique situation and future ambitions. Here are a few things to think about before making a choice.
Budget
Money may be tight right now if you are in an entry-level position and paying off college and university loans. In a few years, you might have found a better paying job and eliminated other debt, which would improve your chances of becoming a homeowner.
Flexibility
If you think you may want to relocate within a few years, renting might be a better option than buying. With buying a home, there are up-front costs associated, so the longer you own the home, the better a deal it becomes.
Reponsibility
For a house to retain its value, frequent upkeep is required. You might want to leave all of those aspects to a landlord if you do not want to invest the time or money required for maintenance.
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National Bank of Dominica Ltd.
64 Hillsborough Street
Roseau,
Commonwealth of Dominica
Swift Code: NCDMDMDM
- Flow: 767.255.2300
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- US: 1.443.267.4300
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Member of the Caribbean Association of Banks | Banking License
National Bank of Dominica Ltd.
64 Hillsborough Street
Roseau,
Commonwealth of Dominica
Swift Code: NCDMDMDM
Flow: 767.255.2300
Digicel: 767.315.0000
US: 1.443.267.4300
Email: [email protected]
