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Real Estate

If You Rent, Get Renters Insurance

November 5, 2014 by Aldo Rancier
renters insurance

Kitchen Fire

Many people know that having insurance is a good thing.  We all insure our cars in case of accidents or in case they get stolen; we are also all required to get health insurance in case we get sick; and we should all have emergency insurance in the form or an emergency fund.  We also know that if we have a house, we need home owners insurance so we’re financially protected in case something happens to the house.

But the one thing that many people ignore is renters insurance.  Renters, for the most part, don’t think about insurance because the place they are renting is not theirs or they think their belongings are insured through their landlord’s insurance policy.

Landlords have insurance on the apartments, but only for structural damage, not for the things that are inside the apartment, a.k.a. your things.

Posted in: Blog, Insurance, Real Estate Tagged: Insurance, rent

Is It Better to Buy or Rent?

August 6, 2014 by Aldo Rancier
buy or rent

Should You Buy or Rent?

I always hear from people, “You should get married, have kids, and buy a house”, or “A house is the best investment you’ll ever make”, or “Why are you renting? You’re only throwing money down the drain.  It is always better to buy a house.” Is it?… Is it always better to buy a house than to rent?

The answer is simply, not always.

There are many factors that should be taken into consideration before buying a house and peer pressure is not one of them.  Owning a home can be emotionally gratifying, but that does not mean that it always makes financial sense.

There are many pros and cons of buying vs. renting including flexibility, job security, down payments, utilities, freedom, control, maintenance, tax benefits, etc., but we’re only going to concentrate on the financial aspect of it.  Does it make financial sense to buy or rent?

Posted in: Blog, Investing, Real Estate Tagged: buy, home ownership, rent

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