RentLaw.com Rent vs Buy Guide
Should you buy or rent?
The common theory is that owning your home is cheaper then renting. True or False?
It depends on a number of factors, the most important being the cost of buying vs. the cost of renting the same or similar home. Local Market conditions determine price while your personal needs also come into play.
| Common Questions to Ask Yourself: |
| 1. How long do intend to live in the area |
| 2. Your family status - are you single, married (with children or planning to have) |
| 3. What is the local market conditions - for both renting and buying. |
| 4. Why would you buy vs rent ? |
| 5. Are you looking at it is an investment for yourself (move in, then sell in a few years) |
| 6. Are you looking at it as an investment to buy an rent to someone else - now (and you use later) or later (and you use now)? |
| 7. Job status- are you comfortable in your job - stability no relocation etc. Read more on issue: Renting vs. Buying on RentLaw.com The National Landlord Tenant Guide. Find this complete article: http://www.rentlaw.com/rentbuy.htm |
