The Pros and Cons of Renting Versus Buying a Home

The Pros and Cons of Renting Versus Buying a Home
  • Opening Intro -

    There comes a time in life when we begin to dream of a new home.

    Sometimes we have no choice; a job or some other circumstance might be making a move inevitable.


Sometimes we just need the change for another reason. Whatever the purpose, the pros and cons of renting vs. buying a home should be carefully thought out so money is spent wisely and your future is protected.

Ask yourself a few important questions as you go through the process of deciding.

Do You Intend To Move Again?

Unless you can predict the future, it may be hard to say for sure if you’ll be moving again soon. In that case, renting or buying could both be options.

If, however, you know within the next couple of years you will have to move again, renting might be the better solution for now.

You won’t be tied to a mortgage or have to go through the hassle of selling your home when it’s time for the next move.

On the other hand, knowing you’ll be able to settle down for several years makes buying ideal. Rental money doesn’t get invested into a property the way buying your home will.

As long as you’re paying on your mortgage and creating equity, a benefit of not moving often would be buying a home.

Can You Afford a Down Payment?

If you’re considering buying a home, many loans are available which offer different types of down payments. The best way to find your ideal loan is to speak with a knowledgeable home lender who can gather your information and match you with the best loan options.

Renting will be a better option if you find the down payments are too high or you can’t get the mortgage payment low enough. Keep in mind, as a renter you’ll be responsible for some up-front costs (such as security deposits.)

oversized square wall clockfloating wall mount shelves

      some apartment decorating ideas to consider      

Are You Prepared for the upkeep of Home Ownership?

With home ownership comes maintenance and repairs, and with that comes a lot of spending and headaches. You may enjoy using your skills in this area, and if so that makes you a great fit for home ownership.

On the other hand, if the thought of having to unclog a drain or call a plumber isn’t your cup of tea, then renting will suit you better.

When renting, problems such as leaky faucets and broken appliances get repaired by the landlord. No money out of pocket for you! You can also add these terms and conditions to your lease and rental agreement.

If you don’t know how to compose a legal contract, you can learn more here and find answers to your every query. Consider that when making your list of the pros and cons of renting vs. buying a home.

Whatever you decide, remember: a house is a building, whether rented or purchased. It’s the people that make it a home. Buying vs. renting is a big decision but can always be changed down the road should your circumstances change.

Find Moving Services (opens new win)
Moving Services Moving & Storage
Rentals Move Professionals
top-rated, pre-screened local contractors
Laminate & Vinyl Tile
enter zip code – powered by HomeAdvisor ™


Image credit: pros and cons of renting vs. buying a home by Pixabay

end of post … please share it!

Everything Spices: Ajway – Cacao

Ajwain   aboutimageshop
Allspice   aboutimageshop
Almond Meal   aboutimageshop
Anise Seed   aboutimageshop
Annatto/Achiote Seed   aboutimageshop
Arrowroot Powder   aboutimageshop
Asafoetida   aboutimageshop
Beetroot Powder   aboutimageshop
Bell Peppers   aboutimageshop
Cacao   aboutimageshop

Caraway Seed – Coriander

Caraway Seed   aboutimageshop
Cardamom   aboutimageshop
Celery Seed   aboutimageshop
Chia Seed   aboutimageshop
Chiles   aboutimageshop
Cinnamon   aboutimageshop
Citrus Zests   aboutimageshop
Cloves   aboutimageshop
Cocoa Powder   aboutimageshop
Coriander   aboutimageshop

Cubeb Berry – Horseradish Powder

Cubeb Berry   aboutimageshop
Cumin   aboutimageshop
Dill Seed   aboutimageshop
Fennel   aboutimageshop
Fenugreek   aboutimageshop
Galangal Root   aboutimageshop
Garlic   aboutimageshop
Ginger   aboutimageshop
Grains of Paradise   aboutimageshop
Horseradish   aboutimageshop

Juniper Berries – Pepper

Juniper Berries   aboutimageshop
Long Pepper   aboutimageshop
Mace   aboutimageshop
Malheb   aboutimageshop
Mustard   aboutimageshop
Nigella Sativa   aboutimageshop
Nutmeg   aboutimageshop
Onion   aboutimageshop
Paprika   aboutimageshop
Pepper   aboutimageshop

Poppy Seed – Vanilla

Poppy Seed   aboutimageshop
Porcini Powder   aboutimageshop
Saffron   aboutimageshop
Sesame Seed   aboutimageshop
Shallots   aboutimageshop
Star Anise   aboutimageshop
Sumac   aboutimageshop
Sweetners   aboutshop
Turmeric   aboutimageshop
Vanilla   aboutimageshop



directory photos forms guide

Helpful article? Leave us a quick comment below.
And please share this article within your social networks.

facebook linkedin pinterest

Amazon Affiliate Disclosure: is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to The commission earnings are used to defray our cost of operation.

View our FTC Disclosure for other affiliate information.

Categories: Home Buying-Selling

About Author

LetsRenovate Admin

From the administrative staff at We hope you enjoy this article and the elements of the site. Please forward any suggestions or comments regarding the posting or other suggestions for improvement. We also operate other helpful guides in education, money, travel, and business. Visit our main site for address information. Thank you. Please share this site with friends and family.