Consoli Realty Group - North Andover MA Real Estate, Haverhill MA Real Estate, Methuen MA


Dollar for dollar, you might determine that in this year, at this time, buying might be more to your advantage than renting. Alternatively, the numbers may show the opposite: that renting will save you money this year over buying. Given the conventional wisdom that buying is better on the one hand with your bottom line on the other, how do you decide?

The tangibles or the intangibles

Take the example of two identical homes in the same neighborhood. One is for rent, and the other is for sale. Do you choose to rent or to buy?

If tangibly (things you can accurately calculate) the dollars show that renting is less financial outgo (bottom line) than buying, you may choose to rent. However, buying might offset these tangibles with intangibles such as pride of ownership, the ability to make changes and upgrades, or the stability that comes with a fixed mortgage payment.

On the other hand, it might be that dollar for dollar, it would be less expensive for you to buy the home. In that case, is buying always the right decision? That depends. If you are new to an area, you may not be sure that this is the neighborhood for you. Renting for six months or a year gives you an out should you decide that you do not like it there. Perhaps the school does not have the right programs for your child, or you find the commute is too long to your place of work. Until you experience them, you may not be able to determine how these intangibles might affect you. 

Another intangible is flexibility. If you are nearing starting a family, or conversely of becoming empty-nesters, locking down a home via purchase might not be the best choice, because you will have more options in just a year or two. Moreover, if you need to move, repeatedly buying and selling homes produces extra costs in addition to the down payment that you would not have as a renter that needs to move. These include broker and agent fees and closing costs.

Of course, as a renter, you always should prepare for the possibility of your rent increasing with each rental contract or lease. Also, your property owner could decide not to renew your lease for any number of reasons, so you may need to calculate the cost of moving every year or two as well.

Before taking the leap into home ownership or determining to stay in the rental market, talk with a financial professional to determine which scenario best meets your current and future needs.



500 Lowell St, Lawrence, MA 01841

Single-Family

$465,000
Price

12
Rooms
5
Beds
2/1
Full/Half Baths
One of a kind listing in highly desirable Tower Hill. Elegant 1860s Italianate Victorian sitting on a lovely piece of property with lots of yard in front and private garden area in back. 12 Rooms 5 Bedrooms with an additional 3 Parlors with wood flooring throughout. Period trimwork and attention to detail in all rooms. Large Remodeled Kitchen with hand picked tiles. Ornate Tin Ceilings. Several working fireplaces. 1/2 Acre of property with mature gardens. Detached Barn with lots of storage upstairs. This type of property rarely exists in Lawrence any longer. Come see a piece of history. Perfect house for entertaining.
Open House
Sunday
May 19 at 11:00 AM to 12:30 PM
1st open house for this one of a kind gem in Tower Hill section of Lawrence. Come check it out and see a part of history.
Cannot make the Open Houses?
Location: 500 Lowell St, Lawrence, MA 01841    Get Directions

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538 Chandler Street, Tewksbury, MA 01876

Single-Family

$679,900
Price

8
Rooms
5
Beds
3
Baths
PRICE REDUCTION: $679,900. OH Sunday 12:30-2:30! This Custom Colonial with 5 bedrooms and 3 full baths has room to grow. This very spacious home has 3,700 square feet. That's only $184 per SQFT. The house boasts a Chef's kitchen with a Wolf 6 burner professional range and hood, master suite with walk through closet, a massive garage with 9 foot doors, storage and plenty of space for a work shop. Over the garage is the "Man Cave" that will make you the "Go To" house for every BIG game. Plus, a huge level backyard that is perfect for family parties. There are hardwood floors throughout, second floor laundry and a natural gas generator. The exterior boasts a large farmer's porch in the front and a huge deck in the back with a hot tub. The unfinished lower level has in-law potential with plumbing for heat and a full bath. The owners have painstakingly expanded and remodeled the home! The garage and RV parking give ample space for a family with lots of toys or a small business. MUST SEE!
Open House
Sunday
May 19 at 12:30 PM to 2:30 PM
Cannot make the Open Houses?
Location: 538 Chandler Street, Tewksbury, MA 01876    Get Directions

Similar Properties




500 Lowell St, Lawrence, MA 01841

Single-Family

$485,000
Price

12
Rooms
5
Beds
2/1
Full/Half Baths
One of a kind listing in highly desirable Tower Hill. Elegant 1860s Italianate Victorian sitting on a lovely piece of property with lots of yard in front and private garden area in back. 12 Rooms 5 Bedrooms with an additional 3 Parlors with wood flooring throughout. Period trimwork and attention to detail in all rooms. Large Remodeled Kitchen with hand picked tiles. Ornate Tin Ceilings. Several working fireplaces. 1/2 Acre of property with mature gardens. Detached Barn with lots of storage upstairs. This type of property rarely exists in Lawrence any longer. Come see a piece of history. Perfect house for entertaining.
Open House
Sunday
May 19 at 11:00 AM to 12:30 PM
1st open house for this one of a kind gem in Tower Hill section of Lawrence. Come check it out and see a part of history.
Cannot make the Open Houses?
Location: 500 Lowell St, Lawrence, MA 01841    Get Directions





538 Chandler Street, Tewksbury, MA 01876

Single-Family

$679,900
Price

8
Rooms
5
Beds
3
Baths
PRICE REDUCTION: $679,900. OH Sunday 12:30-2:30! This Custom Colonial with 5 bedrooms and 3 full baths has room to grow. This very spacious home has 3,700 square feet. That's only $184 per SQFT. The house boasts a Chef's kitchen with a Wolf 6 burner professional range and hood, master suite with walk through closet, a massive garage with 9 foot doors, storage and plenty of space for a work shop. Over the garage is the "Man Cave" that will make you the "Go To" house for every BIG game. Plus, a huge level backyard that is perfect for family parties. There are hardwood floors throughout, second floor laundry and a natural gas generator. The exterior boasts a large farmer's porch in the front and a huge deck in the back with a hot tub. The unfinished lower level has in-law potential with plumbing for heat and a full bath. The owners have painstakingly expanded and remodeled the home! The garage and RV parking give ample space for a family with lots of toys or a small business. MUST SEE!
Open House
Sunday
May 19 at 12:30 PM to 2:30 PM
Cannot make the Open Houses?
Location: 538 Chandler Street, Tewksbury, MA 01876    Get Directions

Similar Properties





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