Without unexpected repair bills, monthly budgeting becomes easier Connect55 . Cons of Renting:
Selling a home allows you to convert home equity into cash, which can be invested to generate income, says Landsberg Bennett . should senior citizens buy or rent
To help narrow down your best option, it might be helpful to consider: What is your ? Do you live in your house free and clear ? Are you looking to stay local or move to a new area? Do you live in your house free and clear
Renting is no longer just for young professionals. Many seniors find that renting offers a "lock-and-leave" lifestyle that frees them up to travel and pursue hobbies. Many seniors find that renting offers a "lock-and-leave"
You want to simplify your life, gain flexibility, or free up capital for investments.
You aren't building ownership or wealth through property appreciation PrivateCommunities . Buying in Retirement: Stability and Equity
Homeownership comes with surprise expenses like new roofs or HVAC systems, says NYTimes .