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Should You Rent or Own?
With today’s conditions, you may be wondering whether it’s better to own or rent. The fact is, it depends entirely on you – on your personal and financial needs both now and in the future.
The following quiz addresses the two sides of a renting vs. owning issue. Check the statement (from the left or right hand column) that most closely resembles your thought on each issue.
q “I’m tired of paying rent year after year and having nothing to show for it.”
q “I’d love to get my apartment fixed up the way I really want , but it’s a waste of money while I’m just renting.”
q “I want to settle down, establish roots for my family.”
q “I want to invest my money in something that’s tangibly mine, something I need and can enjoy.”
q “I want a garden of my own, a real fireplace, maybe even a pool.”
q “I’m creative; I like to putter around, get involved in projects around the house and garden.”
q “I’d like to live where I know my neighbours and feel I’m part of a community.”
q “I want my children to grow up with the kind of freedom I never had.”
q “I want the freedom to have whatever pet(s) I please.”
q “I’d like to know I can count on my neighbours to keep an eye on my place when I’m not home.”
q ‘I want more space than I can get with an apartment.”
q “I’ve got (almost) enough money for a down payment on a house.”
q “I’ve always wanted to own my own home.”
OR:
q “My rent is reasonable. I really don’t have any complaints.”
q “I’ve got a gorgeous apartment. It doesn’t need any renovations.”
q “I don’t want to feel tied down to any one place.”
q “I believe in other forms of investment.”
q “My building has a roof garden and a year-round pool. Those things aren’t important to me.”
q “If I do any putting, it’s on the golf course.”
q “I’m a very private person; I like to keep to myself.”
q “My children are grown up.”/”I don’t have any children.”
q “Pets aren’t an issue for me.”
q “I like having a doorman and an electronic security system. It makes me feel safe.”
q “It would cost too much to furnish a whole house.”
q “I don’t want to have to come up with a lot of money up front just to live somewhere.”
q “I don’t want the hassles of owning a home.”
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