Choose Between Renting and Buying in 55+ Communities
Choosing between renting and buying a home in a 55+ community is a major decision for retirees. Renting offers flexibility, lower upfront costs, and less maintenance responsibility, but lacks equity and stability. Buying provides equity, stability, tax benefits, and personalization options, but requires higher initial costs and ongoing maintenance. The decision should be based on lifestyle, financial status, and retirement goals, weighing the need for flexibility against long-term investment and stability.
