Should You Rent Or Buy A Home?
Everyone needs a place to live and there are basically only two options. You can rent or buy, so which one is the best choice? The choice is different for everyone and should be carefully considered as buying a home is one of the biggest purchases that most people will make in their life.
There are a number of advantages to buying over renting.
Owning a home is an investment. When you rent, 100% of your rent payment goes into your landlord's pocket. When you are buying your home, each month part of your payment goes towards paying down your principal balance.
Additionally, when you make improvements to your home this usually increases the value of your home and your investment.