Best answer

Whether you choose to rent or buy your homedepends on your financial situation,lifestyle,and personal goals. Both provide you with a place to live and require regular income in order to make the payments. Renting offers flexibility,predictable monthly expenses,and someone to handle repairs.

People also ask

  • Is it better to rent or buy a home?

  • Renting a home comes with a lot of flexibility and freedom that attractive to nomadic souls as well as those with savings that are slim to none. On the other hand, buying a home can be liberating and, at the same time, stabilizing.

  • Should you rent or buy a home in 2018?

  • Should you rent or buy a home? Prices are surging in both cases, which makes it complicated Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.

  • Should young people buy or rent a home?

  • Given the hefty upfront costs associated with purchasing a home, most young people begin their independent lives renting an apartment . As they build careers, save money, and start families, many choose to buy a home.

  • Should you rent or buy your new home furnished?

  • Unless your previous residence was similarly sized and fully furnished, you need to spend time, money, and energy furnishing your newly purchased home. By contrast, many rentals come furnished. Even if their decorations don quite match your tastes, furnished spaces save resources and sanity on the front end of your tenure. 4. High Upfront Costs