Renting in Retirement is a Better Financial Decision - Ladson, Charleston, SC

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It’s better to rent a new home than to buy one in retirement. That’s according to Trulia’s latest Rent vs. Buy Report, which considers whether it is cheaper to rent or buy a retirement home. Buying a home in retirement is only more beneficial than renting one if retirees care about leaving an inheritance, the report says. The value of the equity in a home is a major contributor to the financial benefits of homeownership, but if retirees don’t have any heirs or don’t wish to leave an inheritance, the equity in a home loses its importance.
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