When It Makes More Sense To RENT?

Although, most people consider, home ownership, to be an essential component of the so - called, American Dream, there may be circumstances, and specific reasons, why, it may make more sense, to RENT instead of buying a house! Each individual should go into this process, in a well - considered, focused way, in order to understand, what course of action, may be wisest for them, at a specific point, in time. These considerations should consider one's emotional needs, financial ones, and specific needs, and anticipated future scenario, etc. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why, it may be wise, course of action. 1. Relevant; region; relocate; reserves: Begin by giving yourself, a check - up, from the neck - up, and proceeding, in the most personally, relevant way! What's available on the current, real estate market, and how well does it meet, most of your needs, and requirements? Sometimes, in the region, you want to live in, there may not be anything, currently available, which meets your needs, so, you might decide to rent, for a period, in search of the right home, for you! Will you be living in a specific area, for the foreseeable future, or, will your job, create a need, to relocate? Although, you may possess the finances, to buy, do you have the necessary reserves, required, related to owning a house, of your own? 2. Emotional/ emotions; expectations; efforts; energy; expenses: Will the residence serve your emotional needs, and requirement? Will your emotions, permit you, to exceed your personal expectations? How might your personal efforts, and energy, relate, to whether, to own, or rent? Are you prepared for the uncertain expenses, at times, of owning, versus, the greater consistency, when you rent? 3. Needs; nerves: If you can't find a house, which will make you happy, and meet, and/ or exceed, your needs, you probably should continue, your search, rather than settling, for something, which won't make you content! Will you be able to control, the nerves of the home ownership, transaction period, as well as the potential uncertainties, which accompany, owning? 4. Trends; tastes; tendencies: Are you convinced, specific current trends, are only available, when it comes to owning, instead of renting? Are you willing to address the tastes, which only owning, may permit? Do any tendencies, make your search, a more essential one? Should you own, or, RENT? How might you handle, and proceed, with one of the most essential decisions, most people, must consider? Richard has owned businesses, been a COO, CEO, Director of Development, consultant, professionally run events, consulted to thousands, conducted personal development seminars, for 4 decades, and a RE Licensed Salesperson, for a decade+. Rich has written three books and thousands of articles. Website: http://PortWashingtonLongIslandHouses.com and LIKE the Facebook page for real estate: http://facebook.com/PortWashRE Article Source: http://EzineArticles.com/10213111