Deciding whether to rent or buy is a complex decision. You’ll need to compare costs and understand the financial factors to make the best decision for your situation.
Renting
- Free of maintenance obligations.
- Not committed to staying in a house or neighborhood.
- Can move quickly.
- Free of costs, such as homeowner’s insurance and property taxes.
Buying
- Build equity.
- Tax advantages*.
- Stable monthly payments.
- Strong sense of community.
- Place for family to live.
*Consult a tax advisor about potential tax advantages
