What to Expect when Renting vs. Buying!

WHAT TO EXPECT WHEN RENTING VS. BUYING A PROPERTY

Benefits of Renting vs. Buying a Property

Pro's and Con's for Renting vs. Buying your own Property

In this modern times, the argument between buying a property and renting a property still exist. Surprisingly, some will argue that it's best and wiser to just rent instead of buying. I would always say that it's best to buy a property and I can provide hundreds of reasons why buying instead of renting will benefit you. 

However, renting and buying a property always have their pro's and con's. Yes, there is a benefit that comes with renting for example, you can just ask your landlord to have your plumbing fix and not hire a plumber. You have to admit, buying a property may or may not always be the most practical thing in the world. Owning a property entails a lot of responsibility and finding the best place to rent is not easy as well.

If you are planning on starting a family anytime soon and still undecided whether if you'll buy a property or rent, I suggest that you get a piece of paper and write this on top of it, " Should I buy or rent a property?" Then, do a pro's and con's on each side of the paper and try to answer some of the questions we have provided below.

1. How long are you planning to stay in the area?

2. Does your job require's you to move from one place to another?

if yes: How long are you expected to stay in that area before moving to another?

3. Do you have the resources to finance a property?

4. Any future plans of putting up a business or retire in that area?

I know that the questions provided on the top part are not exactly all the questions you need to ask and answer. Though, I believe that these are some of the essential follow-up questions that you need to answer this " Should I buy or rent a property?"  I have listed the pro's and con's of buying and renting a property below.

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