REALTORS® serving Calgary and area

May 01, 2019 | Tyler Difley

Your best life: a rent-or-buy lifestyle checklist

When it comes to deciding whether to rent or buy a home, discussions of pros and cons tend to centre around the financial considerations. However, the rent or buy dilemma is about far more than just money. Another important consideration is lifestyle – which option will allow you to live the life you want? That's a difficult question to answer, but we're here to help.

Here's a handy checklist to help you decide if you should be a renter or a buyer.

Renter



  • I move around a lot, or want the freedom to do so if I choose, and don't want to be tied down to one specific city, neighbourhood or job

  • I want to live in an in-demand community that has amenities that appeal to me (restaurants and bars, parks, schools, etc.), but can't afford to buy a home there

  • The idea of having a mortgage and various home-related bills to pay feels like too much responsibility and stresses me out

  • I like having disposable income and value having a great deal of flexibility when it comes to budgeting

  • I still don't know what I want to do with my life, and my long-term plans and goals are up in the air

  • Owning a home is not an important goal for me


Buyer



  • I appreciate the stability and certainty of being tied to one place and have no plans to move any time soon

  • If a community has most of the amenities I want, I'm flexible about where I will live in the city

  • I welcome the increased responsibility of a mortgage and home-related bills, especially when they mean that I have greater control over the place I live and don't have to deal with a landlord or property management company

  • I'm great at budgeting and my monthly expenses are relatively fixed

  • I feel happy and secure in my current career and where I am in my life, and my long-term plans are clearly defined

  • Homeownership has always been a dream of mine – white picket fence, front lawn, all that jazz – and owning a home is an important goal for me

Tagged: Buy | buyer | Calgary | Calgary Real Estate | Calgary Real Estate News | Feature | Housing Market | How To | lifestyle | Rent | renter


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CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


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