To Rent or To Buy

Buying

AdvantagesConsiderations
Property builds equityResponsible for maintenance
Sense of community, stability, and securityResponsible for property taxes
Free to change decor and landscapingPossibility of foreclosure and loss of equity
Not dependent on landlord to maintain propertyLess mobility than renting

Renting

AdvantagesConsiderations
Little or no responsibility for maintenanceNo tax benefits
Easier to moveNo 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.