- Ability to unlock the value of your current home
- Long-term predictable rental costs
- No unpredictable maintenance costs – they are all included in rent
- No more utility bills
- Many included services and benefits: for example; linen service, housekeeping, recreation or club memberships, storage locker
- Flexibility – freedom to end your lease on 30-days notice
- And easy access to additional optional services as you may need them
Tips:
- You’ll need your utility bills for the last year handy
- When considering your home repairs and maintenance costs, consider what they have averaged over the last several years, and any significant expenses coming up (any home modifications required in order to live more comfortable at home?)
- Have your banking and financial statements at hand
- Fill in the spreadsheet, and then discuss with your own financial advisors
Resources:
