Rent vs. Buy?
Posted by Heath Montgomery on
Should You Rent Or Buy A Home? Â
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? Â 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.
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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.Â
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Additionally, when you make improvements to your home this usually increases the value of your home and your investment.
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