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When looking for a place to live there are so many choices. Do you want an apartment, condominium, house, cabin, etc.? Even when you decide there are other factors, location, price, quality, neighbors and neighborhood. Above all you have to decide if you want to rent or buy. Each one has its benefits and each one has it negatives. There is no clear-cut answer.
If you don’t plan on staying in the town you are in for long rental seems the best choice. But as a renter you don’t have the freedom to do the decorating and personalization you may want. Even if it’s temporary, it’s still your home. Payments you make every month leave you with no equity at the end.
When you buy a place to live you are often responsible for extras you may not have bargained for, landscaping, home renovations and repairs are all on you. Renters don’t have to worry about these.
Often finances make the decision for you but it’s not as hard to save for a down payment as it might seem.
When it comes down to it, you need to make a list of what you want in a home and let that be your guide. If you want to control all aspects the home and property you’re looking to own.
If you just want a place to park your furniture and would rather leave the yard work and improvement to someone else you’re a renter.
