Which budgeting questions should Sara ask when deciding whether to rent or buy a house?

Question

02-02-2021
Business

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Which budgeting questions should Sara ask when deciding whether to rent or buy a house?

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Omm2 Omm2 · Answer 1 · 2021-02-07T15:51:31+01:00

Answer:

The questions are -

1. Is Sara able to afford the price for buying home.

2. If Sara has to live the place for small amount of time or for long time ( for small amount of time renting is better option ).

3. Is there any option to park the fund to any other investment where from she will be getting extra benefits ?

4.If she buy the house then apart from buying price , there are more expense like operations and management . So is Sara has to keep these things in mind while choosing between buying or renting.