Buying vs Renting……

Your dream may have always been to buy your own home, but with how quickly the world is changing now, it may have changed a lot of reasons not to…..

However, in the end, you still may fulfill your dream….. just put some extra thought into it first.

Climate change has affected areas where you may have wanted to buy your dream home….. fires, floods, hurricanes, tornadoes, earthquakes etc. have always been….. but they are all getting more severe and more frequent.

Homeowners insurance for these catastrophes costs an astronomical amount of money each year as you renew. And, in some cases, insurance companies have lost so much money in paying out claims that they no longer will insure for certain things Mother Nature doles out.

This means that, if you can’t get or can’t afford the insurance protection for such things, and your home suffers damage because of coverage you don’t have, you pay for all the replacement/repair costs of the damage.  Or even worse, should your home be completely destroyed, you lose everything.  This, sadly, has happened to a lot of people.

So, if you still want that dream home, by all means go for it.  Just do your homework and check out areas where these storms are frequent, (although you never really know as none of us has a crystal ball), and maybe choose a home in another area, and visit your favorite spot on vacations or mini getaways.