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Renting VS. Buying a Home: Which is Better?
Deciding to rent or buying a home is a massive decision that takes a lot of consideration. It can affect your lifestyle and your savings over the years.
Owning a home has always been seen as an investment and as the ultimate financial achievement, however, there are further expenses beyond mortgage payments.
While renting offers flexibility and upfront costs, your choices can be limited to vacancies.
Many questions and concerns come to mind when deciding what the next step is.
Your financial situation, your personal life, and your future plans all may be a factor as to why your considering either renting or buying a home.
Before making a large financial move, it may be a good idea to consider both the disadvantages and advantages if your on the fence about either decision.
Buying a Home
Owning a home comes with great benefits as well as this sense of ownership and stability. The stability of purchasing a home is always the first advantage to buying a home especially to raise children.
Because it is not as easy to sell off your home, people consider purchasing a home where they see themselves living for a couple of years. However unlike renting, your mortgage payments take you one step…