Hi there, I’ve really enjoyed reading your real estate advice column and hope you can help us to think through our options. We are currently renting a three bedroom condo for $2800 and it’s about 1300 sq ft. We have reason to believe our landlord is going to ask for a large increase when the lease is up at the...
Considering the minimal discrepancy in costs across all three options, the key factor in your decision should be what best meets your personal needs and wants.
Option 2 is a promising pathway and it avoids the need for multiple relocations. Opting for a freehold property is certainly a good choice for a long-term hold, but as with what we've written about recently, it's not the only option to consider. However, it's worth contemplating the feasibility of increasing your budget to widen your options, particularly as you're open to the idea of renting out a bedroom to help with the mortgage repayments.
Since you are open to locations and aren't picky when it comes to condo facilities, you may very well find your 'forever home' now.
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