For a single party w/no children and no people, & somewhat handicapped, is it better to rent or buy a house?
Answers:
Rent or buy is an financial ruling and not related to have kith and kin or handicaps .
If you plan to be here longer than 5 years , buying is the financial best choice usually .
Having handicap issues , however , you may option to desire a condo or PUD nouns that maintain the yard and exteriors .
Also hope a place that is viable for your issues or can be efficiently modified .
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What really matter is your financial situation and how long you are planning on living in the house. If you are financially competent to purchase and will live surrounded by the home atleast 3-5 years. It is usually better to purchase. The home will gain significance over the years and when you are in place to move you may cause a profit. If you rent you do not enjoy the resources to receive a profit on your home.
This is dependent on LOTS of considerations -- most of which you conveniently abandon to mention.
As nonspecific rule, if you enjoy the $$ it is usually better to own than rent if you are planning on staying somewhere long occupancy.
However, houses filch deeply of care and upkeep -- both inside and outside. (think landscape, roofs, snow shoveling, etc.) Therefore, unless you can do the keeping it may be worthwhile for a handicapped being to own a condominium.. so at lowest possible the outside upkeep is done for you.
Additionally, owning ties you down.. it is expensive to resell a house or condo (realtors fees are usually 6% of the sale price). and it can embezzle months to deal in (years within some places now) ...
It is also a lifestyle choice.. etc.
So much of this outcome is NOT dependent on whether you are married, single, own children, etc.
Regardless of your status, I would other suggest buying. That passageway you are building equity for yourself, vs only just facing the proprietor's pocket.