Renting vs. Owning a Home: What's the Difference?

_{SOURCE: investopedia.com}

The age-old question: should you rent or buy your home?

Weighing the pros and cons of renting and owning a home can be overwhelming. We’ve broken it down for you in today’s blog post.

Whether you choose to rent or buy your home depends on your financial situation, lifestyle, and personal goals.
Both provide you with a place to live and require regular income in order to make the payments.
Renting offers flexibility, predictable monthly expenses, and someone to handle repairs.
Homeownership brings intangible benefits, such as a sense of stability and pride of ownership, along with the tangible ones of tax deductions and equity.
Renting doesn’t mean you’re throwing away money every month, and owning doesn’t always help you build wealth in the long run.

Are you planning to rent or own a home? Let’s chat!