Renting Vs. Buying
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Renting Vs. Buying
There are many pros and cons to both renting and buying a home, and both need to be weighed equally depending on your current life and financial situation. Ultimately, you will have to determine what is in your best interest.
Renting:
Pros:
You are not responsible for fixing or replacing anything associated with the home, like the furnace, water heater, appliances, or roof.
You are not responsible for paying the property taxes.
You may find that your living expenses are lower because you do not have to worry about the extra costs that come with owning a home.
You don’t have to worry about the housing market taking a downturn.
Cons:
Renting an apartment or sharing a home means dealing with people living below, above,…
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