Renting Versus Buying Essay -- Compare Contrast Home Ownership

Buying a billet can be an arouse experience for anyone. However, in some cases you just might be rectify off continuing to rent your stead office. There are many advantages to sully a home. However, it is not for everyone and get varies from individual to individual. Currently more battalion are leaning towards renting but this could change in the close together(p) future.When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In acquire a home the original advantage is that you actually own it. You can do whatever you unavoidableness with it. Also, you are building equity as the years go by. raft today run through problems saving for their future (CNN Money, 2014). However, when they buy a home, the currency they put master for a down payment is an investment. When the person sells the home they get back the down payment and the amount the property has apprehended in value. When looking at the ad vantages of renting it is easy to see the disadvantages of buy for some pack. Even though you dont get the bills back that you put into it, renting could be a more welcome option for some. This is because renting allows for flexibility. The person can bring wherever as soon as there lease is up. Renters may see buying as a reduction in lifestyle, moving to a smaller place, and perhaps a less expensive neighborhood. (CNN Money, 2014). For example someone who rents an apartment enjoys how the complex keeps up the area and all the amenities it has to offer, and it is in an fastness class part of town. However, when they buy they looks all the bene touchs, they have to do aliment themselves, and move to an area they dont particularly like to fit their price range.So which is better? It jus... ...etrieved October 29, 2014, from http//homebuying.about.com/od/buyingahome/qt/BuyorRent.htmThis article explains how one should purpose whether to buy a home or rent. Buying a h ome should be based on decisions of credit report, debt ratios, job stability or relocation, maintenance issues, and financial situation. It explains how not everyone should buy a house. Some people are actually better off renting.To rent or to buy? (2014). CNN Money. Retrieved October 29, 2014, from http//money.cnn.com/2014/10/29/yourhome/q_rent_or_buy/index.htmThis article describes the disadvantages and advantages of buying or renting your home. It describes advantages of buying such as taxes and appreciation of the home. However, coming up with a down payment may be hard for many people. Renters may have less cost and more flexibility on when and where they can move to.