Buying your first home can indeed be an incredible milestone in your life. In line with this, you may feel a mixture of many emotions like fulfillment, happiness but at the same time, there's nervousness that may impair judgement. You feel nervous about this big decision that you have to make, likely the largest financial decision in your life. And one of the most common questions you have to face is - are you going to rent or buy? Let us discuss about buying vs. Renting in this post.
Before you come up with any further decision about moving on your own, you have to ask yourself, is it time that you buy your own house or are you better off renting a home?
When to rent?
Living solo? Renting a home might be more suitable for you. Living alone in a big house may be a bit too much - too much space and too much work or cost for the upkeep. If you don't have the money for a down payment and all the costs of owning a house then renting is likely more advisable. Also, if you are concerned about job security then this is a sign to perhaps continue renting for the moment. Think of the impact to you and your family if you decided to buy a house and then lose your job after few months.
How can you afford to pay for the mortgage? Do you need to rent a room or part of the house to make it work? These considerations are very important before you come up with your final decision. house for rent bang saray