HOME: Owning or Renting?

Posted on December 10, 2010. Filed under: Homebuyers, Ideas & Information, US Housing News | Tags: , , , , , , |

In everyone’s life there comes a time where they have to make the ultimate decision and decide whether to buy and own their own home or continue to rent. It’s a huge decision as both have notable benefits and disadvantages and it is not one to be taken lightly. Well, if you’re renting an apartment, chances are that you’ve had somebody tell you you’re just “throwing your money away.” In most cases, that’s the truth. But renting is something most of us start out doing and many people are comfortable doing it all their lives. In the contrary, owning your own home is the traditional dream that practically everyone has, especially when it comes to starting a family. It gives you a feeling that you have accomplished one of your goals and that you are both financially and emotionally secure as well as giving you a great sense of community.

To sum up, there are many advantages and disadvantages to owning your own home and renting. Some have advantages and disadvantages the other doesn’t have, but both can be a comfortable way to live. When it really comes down to it you have to choose the one that suits you’re financial, emotional and lifestyle needs at this time. Also, you have to take your future into account as well, will you want to be tied down and take responsibility for a huge investment or will you prefer the freedom of being able to move whenever you please?

 

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