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jbb67 | 4 years ago

but also the reverse applies. If you want to make alterations or improvements to your house, better not rent

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seanc|4 years ago

Yes, exactly. Or maybe you want a guarantee of being able to stay in one place for a long period of time, say to send your children to a particular school, or be close to neighbors or family.

bachmeier|4 years ago

The part about neighbors or family might be true, depending on whether they're going to stay put, but the part about the school is one of the biggest risks to buying a house. School boundaries get changed all the time. This is something I'm dealing with right now, and it could shave tens of thousands off the value of my house if it turns out wrong.

bachmeier|4 years ago

This is true, but it really only applies to someone with a pile of money laying around. It's nice to have the option to remodel your kitchen. The percentage of new homeowners that can afford to do it is likely small.