Renting an Apartment is a Great Option for Retirees
Often, retirees figure on buying a condo with cash when they downsize. The idea of living without a mortgage seems liberating. But what about renting an apartment near Bluffton, SC? But it turns out that buying rather than renting when you downsize is far from a no-brainer. For starters, renting is more flexible than owning—a major factor if you are downsizing from a house to an apartment or moving from one city to another. If you decide you hate your new digs, you can move again without a hassle. “Renting buys you time to confirm your choice,” says Michael Palmer, a certified financial planner.
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