Is it better to buy or rent? This is a question that often comes up and with so many variables to consider, it can be a tough decision for some. The NY Times created this fantastic tool that factors in your personal variables: mortgage rate, price, downpayment, number of years you plan to live in the property, etc. Use their interactive tool: NY Times Rent vs Buy Tool
It is also important to check with your financial advisor to see if you will face tax burdens or a capital gains tax based on your home sale. The rules seem to always be changing, so its better to find out before you make these kinds of decisions.
I hope you find this information helpful. If you decide that purchasing is your next step- let me help you find the best property for you on the North Shore. Contact me anytime with questions, or set up a search to see what properties are available: Search Properties
