Amost all adults are faced with the choice and challenge of making the decision to build, buy or rent their home. While renting your home may be unavoidable in the early years of adulthood, the time will come when a decision must be made on whether to continuue renting, or to make the leap to buy or build your dream home. Mortgage rates in Jamaica have been trending down and some lenders are now quoting single-digit rates. Both building and buying are now considerably more affordable options for the potential new homeowner, however the expenses of a homeowner also differ significantly from a tenant.
by the Jamaica Gleaner
highlights the opinions of a few local real estate industry professionals on the rent, build or buy subject, and is a very good read for persons who are now faced with this decision