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Buy a House?

We are a pair of 48 year old renters who need to decide if we should take our small savings and buy a house, or if we should improve our retirement home. My husband can retire in 7 years and our income then will be approximately the same as it is now.
Sandi McLaren          

Sorry Sandi, I don't have enough information to answer this question for you, but I want to try and help. So repost the question and include the following information:

How much of a downpayment do you have?
How much are you planning to spend on a home?
What is your joint income?
What are you currently paying in rent?
What other home costs are you paying? Utilities? Etc.

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