To rent or buy? That is the question!

buy vs. rentHave you ever felt pressured to buy a house?

Most people think buying a home is the American dream, a no-brainer, and one of the ‘requirements’ of entering adulthood … but there may be reasons renting is a smarter option.

Now, when the ‘Should we buy a home?’ conversation first arises, you’ll most likely want to make a “pros and cons” list, will feel you’re at a ‘crossroads’ of sorts – and will spend hours on end in an Excel spreadsheet calculating costs and expenses.

Oh – and did we mention you might possibly have a small panic attack…

We said might… 🙂

It’s a huge decision, a huge investment, a huge change that comes with an array of responsibilities. At minimum – it’s a game changer that not only will have you thinking about buying curtains and fixing faucets – but about your career, what you ultimately want to do with your life, where you want to live, and the number of kids you plan to have.

Have we scared you yet? 🙂

We know it’s a lot to think about, which is why we’ve made the executive decision to help make this decision easier for you!

That’s right – It’s your lucky day, friends…

Out of the goodness of our hearts, we thought we would save you the trouble. We’ve done the math, and we’re excited to share some insight on why you should stick to your guns if you don’t feel ready to buy, and throw a few numbers your way to help you feel better about it.

So, here goes!

One of the most common misconceptions people have about renting versus buying is the fact they think they’re throwing money away when it comes to paying rent, when they could be building equity as a homeowner.

The truth of the matter is, during the first five years of owning a home – more than 80% of your monthly mortgage payment is interest… AND almost a third of homeowners move within five years anyway, before they’ve even had the chance to start building any real equity.

So, if that’s one your main concerns – you might want to reassess!

Plus, if you factor in the cash homeowners pony up to put their homes on the market in the first place, for home repairs, insurance, and taxes – most would have saved money renting anyway.

Now, this probably goes without saying… but if you’re worried about the risk-factor involved in buying a home – renting is a smarter option tenfold.

As a renter, you’ll most likely be care-free throughout your stay – whereas your days spent as a homeowner won’t necessarily be as painless.

It’s nearly impossible to predict whether a certain house in a certain market will appreciate.  If prices fall even the slightest bit, and you’ve taken out a low mortgage, it’s possible you will end up owing more than your house is worth.

Ick.

Additionally, when you choose to rent, instead of investing in one single entity, you have the option to invest in a wide variety of bonds, stocks and mutual funds. You’re also still able to invest in real estate through Real Estate Investment Trusts (REIT), which is kind of cool.

Lastly, if you’re on the fence about buying, the convenience factor alone in renting might be enough to sway your decision!

Renting requires no snow shoveling (for those of you who have to battle through those brutal winters each year,) no sanding, no prior knowledge of plumbing, painting… or even mowing the lawn! (That’s hard to believe isn’t it?)

Renting means relying on someone else to take care of all of your maintenance needs and the costs associated with them. There’s no denying THAT is a great feeling.

Now if you’ve made up your mind and feel you’re ready to take the plunge, the more power to you! We really just want to inform all of you ‘on the fencers’ as to why renting might be a better option – for now anyway.

That being said, if you’re looking for your next apartment, be sure to check out our BH communities here.

We’re always looking to expand our family.

Happy apartment (or house) hunting, friends!

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Have a great idea for our blog?

E-mail it to us at BHNews@BHManagement.com. We would love to hear from you!

If you love it, you’ll find a place for it!

In this week’s edition of the BH Blog, we’re featuring a funky black and white living room that just might inspire you to add a few new pieces to your line up! The treasures that fill this space span from antiques to animal-inspired to chic… YET… it somehow all ties together, creating a knocked-it-out-of-the-park eclectic black and white living space.

The theme of this blog is that if you love something enough, you will find a place for it! No ifs, ands, or buts about it.

With that, are you ready for the tour?

Ready, set, lets go!

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As you can see, the walls of this space are cream, yet several of the pieces in the room are a solid white, including the lambskin rug peeking out from the coffee table!

Mixing in different hues helps create diversity in a room, which is essential in succeeding at creating a home with aesthetic appeal (and we all want that, right?)

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If you look closely, you’ll notice this little gem sitting on the coffee table.

This vase was made in Ecuador. The statue in the background? That was carved in the Dominican Republic…adding an element of cultural flair to the room.

Having genuine pieces from around the world truly add something special to a room, not to mention, stories to go along with them.

It’s always nice to have a conversation starter, right?

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The mantle in this apartment is about as eclectic as they come!

We are diggin’ the the antique elephant statues, the seashells… the ram horn, not to mention the GIANT turtle shell centerpiece.

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Sure – the individual items are about as random as they come, but when placed appropriately, voila! You’ve got yourself a one of a kind display!

The diversity in the heights of the items on the mantle is essential to the overall look and feel of this portion of the living room.

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Lastly, the chandelier in this living room ties everything together, and really dresses up the space!

We think it makes for the perfect centerpiece.

If you didn’t think turtle shells, Ecuadorian vases, and chandeliers went together.. you were sorely mistaken!

Like we said, if you love it, you will find a place for it.

That’s the general rule of thumb when it comes to making your house a home…and your home a beautiful one.

Thanks for reading this week’s edition of the BH Blog!

Have a great idea for us?

E-mail it to BHNews@BHManagement.com. We would love to hear from you!

Are you or someone you know looking for an apartment? Check out our BH communities here.

Carpe Diem!

carpe diemToday’s blog post is solely dedicated to seizing the day.

Yep – you heard us right!

It’s a phrase you hear all the time ..  but in all seriousness, when is the last time you actually let it sink in… thought about what it meant… and asked yourself, “Am I carpe dieming?”

It’s so easy to get caught up in the hustle and bustle of life.

With the help of your Double Shot Espresso – you wake up, rush to get ready, rush to work, work, work out (for those of us who make the time and or ‘have the energy,’) come home, make dinner, sleep – wake up… and so it begins again.

It’s just the nature of the beast, right? It’s rush hour. It’s repetitive … reoccurring. For most of us, it’s simply reality… or so we’ve always thought.

But what if that wasn’t the case?

What if we were able to change our way of thinking, and embrace every minute of our lives?

What if we were able see it all through a new lens – a lens without limitations?

This next week, we challenge you to love all of life and every one of its beautiful moments…

to see every issue as an opportunity,

every problem as room for improvement,

every stressor as a chance to grow.

Whether you’re trying to figure out who’s going to bring the boys to soccer practice – slamming to make your next deadline at work – or simply trying to make ends meet, we challenge you to find the joy in every situation, whatever it may be.

No matter what it is you are going through, accept it.

Embrace it.

Learn to love the problem itself.

Learn to love the process of finding a solution.

Learn to love the solution.

Learn to find peace during the morning traffic jam, as you sift through your inbox, while you’re driving home from work, cooking dinner, or cleaning up afterward.

If you feel like it’s not possible – just give it a try.

Only when we change our viewpoints … our perspectives – and only when we ‘carpe diem,’ will we truly succeed at being happy and living lives with meaning.

Our time here is too short to live it any other way.

Carpe diem, friends!