The decision to rent or buy a home is different for everyone. Some people have specific needs that would make renting difficult, while others simply prefer the flexibility of renting vs. owning. Whichever camp you fall into, the key to making the right decision is asking yourself the right questions first.
When you’re ready to buy a home, there are a variety of choices available to you. Whether you’re looking to buy your first home or you’re just looking to buy a place to call your own for the first time, there are a number of different options available. Depending on your personal situation, you may have to make a choice between buying a home or renting. Understanding the differences between buying a home vs renting a home can help you make the best choice for your situation.