Which is the smartest choice for you? There are many factors to consider. Among those factors is your income, age, how long you would plan to stay in the home should you buy, how long you want to rent, etc.
One of the major influences for me, when I was faced with that choice, was that as a renter, I had no equity in the property. I paid a monthly rent to the landlord, period. That was the downside. The upside was that when the toilet leaked, I called the landlord. I didn’t have to worry about getting a plumber, missing work to stay home to wait for the plumber or paying the plumber’s outrageous fees…particularly if it happened to be on a weekend…it was all taken care of for me.
I knew when I finished college that I would not be buying a home right away...Read More