Savings Corner
DECEMBER 25, 2023
How to use the Rent vs. Buy Calculator The renting-vs.-buying buying question is not something that people usually ask and answer just once. You can see, for example, that we assume your security deposit for renting is equal to one month’s rent, and that you’re making a 20% down payment. Location counts.
Prairie Eco-Thrifter
MAY 16, 2013
When buying a house, some people have been spending beyond their means to get the house they want but can’t truly afford. If you’re considering renting out your home, CAPI has a great list at Creating a Passive Income that you won’t want to miss: For Rent: Do’s and Don’ts of Renting Out Your Space.
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Prairie Eco-Thrifter
JUNE 25, 2012
If you are renting, doing a big closet renovation isn’t usually possible, and they can sometimes get pretty expensive if you own a home. I rent and because of this, we move every couple of years anyway. I try to keep my closet organized without any renovations or major changes to it.
Family Balance Sheet
JUNE 4, 2015
After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. Our business was doing well and it seemed like the right time for us to buy. The building offered so much potential, but needed a lot of work and we set out to renovate our dream office.
Family Balance Sheet
JUNE 22, 2020
We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Also, the monthly mortgage payment was less than our rent payment. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan.
Prairie Eco-Thrifter
SEPTEMBER 22, 2014
You’ll have to figure out where to put everything in the new place and perhaps buy other things to get everything up to snuff. We need to decide because we have several fairly large renovation projects that need to be done in the near future and how we handle those will be different based on our decision to stay or sell.
Prairie Eco-Thrifter
MARCH 10, 2013
Lets say you are deciding whether to buy a new home now while mortgages are low and the housing market depressed. Buying a foreclosure? At every step, from the moment you start thinking of buying that new home, bounce your thoughts off of your spouse, your parents, your accountant or advisor. Don’t buy with your emotions.
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