Hello Miss Cook,
Renting for awhile means you will pay more should you decide to buy in the future as prices in the Destin are on the rise as inventory levels continue to decline. Also, the money you spent renting you will not get a return on. Money you spend on a mortgage you will get back when you sell. You will also have the ability to "create a home" if you buy vs. having wall colors, landscape, etc. chosen by your landlord. Rents are rising too, so your rent payment is only stable for one year and could go up during next year's lease term. A mortgage payment stays the same forever. You will also get a deduction on your income taxes for mortgage interest which you will not get if you rent. If you buy, you have control over where you live. If you rent, your landlord could suddenly decide to sell the house, and you could be forced to move at an inconvenient time in your life. I would love to help you find a great home. Call me at (850) 543-8033 or email LisaE@LAHReaEstate.com. I encourage you to contact Mike Tarleton, Mortgage Lender (see below) to get preapproved before you start house hunting.