Buying vs. Renting | ||
| Buying | Renting | |
| Advantages | Advantages | |
| * Builds equity * Tax advantages * Stable monthly payments * No limits on personalizing your own home! | | * Less responsibility for repairs maintenance * No cash needed upfront |
| Disadvantages | Disadvantages | |
| * Possible investment risk * Responsibility for all repairs and maintenance * Must sell your property before moving to a new one | * No equity * No tax deductions * Rent can increase * Limitations on personalizing your property | |
