Episode 44: Should I Rent or Buy (or Build)?
by Financial Design Studio, Inc. / May 31, 2024In this episode, we talk about whether you should rent or buy a home, and even when it might be time to build one instead. We talk with Rob who explains the 2024 housing market, his own experiences as a buyer and seller, and things to consider about building.
Take a listen right here, or head over to your favorite steaming platform!
Key Moments
00:01:54 The 2024 housing market explained
00:09:56 How inflation affects renters
00:14:12 Should you buy or rent?
00:23:26 When should you build?
00:28:02 Pros and Cons of Renting
00:34:33 Pros and Cons of Buying
00:44:06 Process of Building
00:54:27 How to finance a build
01:05:15 Questions to ask yourself
Related Links
Learn more about using time horizons for your goals!
Watch our video “should you refinance your mortgage!“
Listen to episode 27, “What buyers need to know about mortgages.”
Listen to episode 19, “How to Finance Your Summer Projects.”
Stay Connected!
If you want to hear even more episodes, like this one, be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about money. We’ll see you in the next episode.
Credits for Episode 44
Executive Producer : Anna Lewis
Host : Michelle Smalenberger, CFP®
Guest : Robert Stoll, CFP®, CFA
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Recommended Reading
Episode 51: What Can I Do With My Mortgage with Tom Cramer
In this episode, Tom Cramer, mortgage officer, explains what currently influences the lending industry and what you can do with your mortgage
Episode 50: Changes to Estate Tax Exemptions with Heather Walser
In this episode, Heather Walser shares the changes coming to estate tax exemptions and how people can prepare their estates.
Financial Design Studio, Inc.
We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.