Rent vs Buy
What’s the Benefits of Renting Vs. Buying? Find Out Here. And when you sell your home to downsize and rent, think of the cash you’ll have on hand.
You’ll be saving money on a down payment on a new home, and the maintenance that goes along with it. Plus, you’ll be in a brand new apartment with all sorts of community amenities at your fingertips.
And downsizing doesn’t mean compromising, because you’ll also have the extra time for family, entertaining your friends in the community common area, a little travel, maybe volunteering, and of course, on yourself.
Consider Investing From the Sale of Your Home.
As you’d expect, renting frees up cash from the sale of your home for you to invest, instead of putting it into a down payment on another home. For all the benefits of owning a home, it does tie up your money, whereas stocks are much more liquid. With stocks, if you need cash it’s more available.
Since home ownership isn’t always the most lucrative investment, wisely investing could give you a better return. Studies have shown returns on stock market investments can be greater than what you might get from an average on a single-family home.Another Study by the Florida Atlantic University College of Business shows renting beats buying in a wide majority of US cities.
Renting is About Independent Living.
In the Cottages of Burnett Trail, you’ll have your own attached garage and private entrance, so it still feels like independent living, just like in a single family home. Renting allows you to free up your time to experience a new lifestyle and new adventures.
Of course, your pets are part of your family, so they’ll be perfectly at home as well. The community is designed to make it easy to take your dog for a walk, and both you and your dog might even meet new friends along the way.
Does Your Current Home Have a Community Center and All These Amenities?
Our independent living Senior community is centered around the Community Center. It’s a place to enjoy things like:
- A full fitness center that has room for yoga and other classes
- An office space with computer, printer and wi-fi
- A Great Room with large TVs
- A double-sided fireplace to warm up to with friends
- A full kitchen and bar for entertaining
- A room with a billiards table to home your skills
- A room for card games for getting together with friends
- A large outdoor patio with grill for your cookouts
- A beautiful swimming pool
- A putting green to hone your putting skills
- Pickleball court to get some exercise
- Bocce Ball court
- Fire pits with cozy seating
- A community lake
- A large dog park
- Miles of walking and biking trails
- A covered dock on the lake to watch sunsets, and
- Community lake stocked with bass
Think of the Things You WON’T have!
You won’t have home maintenance or repairs, pest control, landscape, or pool maintenance, or trash and sewer costs.. You won’t have property taxes or mortgage interest payments. You won’t have money tied up in real estate.
However, you WILL have time – and the money handy – to follow your favorite hobbies and activities.
One other thing you won’t have to worry about is being locked into a location. Because renting is flexible, if you ever wanted to relocate, moving is so much easier than if you owned a home.
Flip The Script.
You’ve spent your life working full time, or raising a family, in your own home.
But now, as an empty nester, when you’re downsizing renting is the option, Understandably, homeowners might be hesitant to rent, because home ownership has been a cornerstone of the living the American Dream.
But flip the script and create a new American Dream for yourself. There’s so many benefits to selling your home and renting, your old friends may be envious. And your new friends in the Cottages will see you as someone willing to take a chance and embrace a new way of living.
