Rent Vs. Buy: How To Decide In 5 Steps
There’s no doubt that buying a home is a major life decision, but is it right for you? Of course, there’s no single correct answer, as there are pros and cons to both renting and buying. A major factor in anyone’s decision-making process, though, is one’s personal finances. In most cases, renting seems to be the more affordable option.
However, that’s not always the case. Your decision can boil down to several lifestyle considerations such as whether you want flexibility or stability, what your career goals are and whether you want a place to truly call your own.
If you’re on the fence about whether you should rent or buy, read on to find out what you need to consider before taking the plunge.
Renting Vs. Buying A House: Pros And Cons
Aside from your personal situation, there are some objective benefits and drawbacks to renting and buying that will exist in most scenarios.
