Buying
| Advantages | Considerations |
|---|---|
| Property builds equity | Responsible for maintenance |
| Sense of community, stability, and security | Responsible for property taxes |
| Free to change decor and landscaping | Possibility of foreclosure and loss of equity |
| Not dependent on landlord to maintain property | Less mobility than renting |
Renting
| Advantages | Considerations |
|---|---|
| Little or no responsibility for maintenance | No tax benefits |
| Easier to move | No equity to build up |
| No control over rent increases | |
| Possibility of eviction |
We hope our list helps you consider both sides when making the decision to rent or to buy. If you need more assistance, check out our handy mortgage calculator or schedule a free consultation with one of our home buying experts.