Renting Versus Buying Essay -- Compare Contrast Home Ownership

Buying a fellowship can be an arouse experience for anyone. However, in some cases you just might be snap off off continuing to rent your menage plate. There are many advantages to purchasing a home. However, it is not for everyone and purchase varies from individual to individual. Currently more mountain are leaning towards renting but this could change in the costly future.When someone makes the decision to demoralise or rent a home they must consider the advantages and disadvantages of each. In acquire a home the prime advantage is that you actually own it. You can do whatever you exigency with it. Also, you are building equity as the years go by. good deal today know problems saving for their future (CNN Money, 2014). However, when they buy a home, the notes they put cut 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 appreciated in value. When looking at the advantages of renting it is easy to see the disadvantages of get for some wad. Even though you dont get the notes back that you put into it, renting could be a more square(p) option for some. This is because renting allows for flexibility. The person can motility 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 flat tire enjoys how the complex keeps up the area and all the amenities it has to offer, and it is in an velocity class part of town. However, when they buy they looks all the bene go overs, they have to do sustainment 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 find out whether to buy a home or rent. Buying a home 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.