A lot of us have grown up with “The American Dream” of owning (or even building) our own homes. Our family has been building homes in the Seattle area for four generations and we love to help people realize that dream. But are there times when renting in Seattle makes more sense for you? It may sound strange to hear a builder say it, but, “Yes!”
First of all, it's important to understand that we're not suggesting that anyone give up on the American Dream. But timing is a crucial factor when it comes to the decision of whether to build or rent. Let's look at a few scenarios.
- You’re Not Sure What You Want, Yet: Building a new home can be a pretty involved process. There’s no point in building a home “just to do it.” If you make the decision to build, it’s a significant investment. It’s worth it to think through the process and decide on what you really want. For one thing, you’ll want to consider your future needs as well as your current ones. Is your family growing or getting smaller?
- Your Future is a Bit Up in the Air: The commitment to building a new home isn’t something you want to take lightly. If your career or family life is in a state of flux—or simply hasn’t been firmed up, yet, you may want to take some time to get those things settled before taking on a project that will require a lot of thought and planning on your part.
- Your Finances Aren’t Where You Want Them: Setting a realistic budget for a new home is a key first step. If you haven’t taken a hard look at your financial situation, it may be too early to think about building. If you make a decision to build before you’re ready, you may not qualify for as much home as you really want. You may want to give yourself time to do some financial planning and save some money so that you’re able to build the home you really want. Here’s some helpful insight into the importance of creating a realistic budget.
- You Don’t Want to Be Rushed: Even if you have a pretty good idea of what you want in a home, you never want to be rushed into a decision. Take your time to do some research. Decide where you want to live. Take time to visit the areas you’re considering (at different times of day and in different seasons). It’s also a good idea to look at a number of different floor plans and compare their features before deciding what fits you best.
Here’s something else to consider. Just because you choose to rent for a while doesn’t mean you have to settle for something you won’t be happy with—even if it’s only for a while. There are great rental properties in wonderful neighborhoods in the Seattle area that are well maintained and comfortable. We can help you find great rental properties where you can feel comfortable, secure, and know that any issues you might come across will be quickly and professionally taken care of.
Sometimes renting may the smart solution to provide you the time you need to decide what your ideal living situation should be.