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Is It Better To Rent Or Buy Your Own Home

Is It Better To Rent Or BuyWhen I was selling real estate, a lot of my friends used to ask me: “Is it better to rent or buy?” Which always led to interesting conversations.

Side note, here’s a friendly tip; don’t ask a Realtor if you should buy because of course they’ll say yes, especially if they’ll make a commission on it! Unless you know them personally and know they have your best interest at heart.

Whether it is better to rent or buy totally depends on your personal circumstances. Are you a student leaving town for just one semester or are you looking for a permanent place to stay?

Are you responsible and disciplined or are you more careless of what’s going on? Are you working from home or will you be working from home?

Is It Better To Rent Or Buy: Renting Pros & Cons

Some of the pros of renting are: easy in, easy out, no worries to structurally maintain the place, short term, no complex paper work to fill out and rent is tax deductible if you work from home (seek professional advice from an accountant for more details).

The cons of renting are: you’re not building equity in the long run, you can’t resale you’re property when you leave.

It’s perfect for students that go study away from home, or you get a job position and need a temporary location to live at while figuring things out.

Is It Better To Rent Or Buy: Owning Pros & Cons

Owning on the other hand has some huge benefits. Some of the pros of owning are: you build long term equity in your property. You can resale and make a profit. You can rent out your bedrooms to have roommates.

You can choose to rent it out and let tenants pay which builds you equity. You can deduct your mortgage interests and other home repair expenses as a write off for to your home business (again, seek professional advice from an accountant for more details).

Some of the cons of owning are: you are structurally responsible to maintain your home, there’s more complex paperwork involved and it takes more time to acquire or get rid of your place if you’re motivated.

Owning your own home is ideal if you plan on living there for a good solid couple years at least. It’s an extremely good long term strategy to build your equity while living there. Why not? The only difference is the paper work. Sure at first it can be intimidating but buying a home is not rocket science.

Is It Better To Rent Or Buy Your Own Home

In conclusion if your thoughts were: “Is it better to rent or own?” now you know that it’s not a straight forward answer as it depends on your immediate circumstances. That being said, if you’re thinking long term, I definitely would encourage you to strongly consider owning your own home instead of renting. Here’s a cool rent vs buy calculator that allows you to compare numbers side by side. 

What about you, is it better to rent or buy your own home based on your current situation?

Working From Home Ideas To Get You Started

Working From Home IdeasIn today’s article, let’s talk about working from home ideas, especially with today’s cost of living increasing day by day all over the world, it’s no wonder that parents, couples and individuals like you have to sometime get multiple jobs in order to provide for your families or maintain your lifestyle.  But if you have kids, pets, anything or anyone that needs your attention, it can be difficult to spend time with your love ones.

Side Note! Write down your home business goals. This will give you a clear list of what you hope to accomplish instead of vague aspirations.

Working from home allowed countless people to stabilize their finances and it just might be the solution you’re looking for.  Before going through the working from home ideas, keep in mind that all of them worked at a time or another but may not be compatible to you.

Working from home ideas: 1

Ask around to your friends, family and neighbour if they know of any work from home opportunities.  You can also look in the free classified ads in your local newspaper or on sites such as Craigslist.com or Kijiji.com in the job section.

Working from home ideas: 2

You ask other companies that offers customer service if they have a work from home position.  More and more big companies tried to allow for that sort relationship with a new employee as it saves them rental space.  My friend works for a cable company which offers tv and internet and he’s worked from home with them in customer service for the past 2 years.   You’ll notice that those working from home ideas usually run around anything related to customer service, data entry or specific skill involving computers.

Working from home ideas: 3

Have you ever considered direct sale?  Although not for everyone, direct sales and network marketing offers great opportunities to work from home.  Make sure you partner up with a reputable company.  Ask questions about their training, plan of action, support and how they will be there for you as a new rep.  Not sure what to ask for?

Working from home ideas: 4

Depending on your location, you can open a personal daycare at your home.  You’ll have to double check the rules and regulation.  A friend of mine started her own day care and according to our city, she’s able to have no more than 5 children.  Again it’s not for everyone, certainly not for me but it may work for you.

Working from home ideas: 5

Are you a good writer?  Lots of blog owner don’t have time to write articles so they chose to outsource it to freelancer.  You could go on sites like Odesk.com or even Fiverr.com and promote your skill.  The great things about sites like these is that it offers a safe way to do business with strangers ensuring both parties complete their ends of the bargain.

Working From Home Ideas – Conclusion

There’s plenty more working from ideas when you come to think about it.  Just make that before you jump the guns on any opportunity that you’ve taken the time to do some research and that you have a real passion for that type of work.  Once you’re passionate about something, then you will have fun, accomplish something and feel like you’re accomplishing something.

Let me read your thoughts, what are your working from home ideas?

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