When it comes to choosing a place to kick off your shoes after a hard day at work, where you live comes with two basic options—to rent or to own. It’d be nice if the answer was cut and dried, but as usual, there are variables to consider. What’s best for you? Here are a few thoughts on each.
Renting
- Your first and last month’s rent, plus a security deposit, is generally required before you move in.
- The money you save on costs for buying can be put into investments that could provide a better return.
- Is your life in a state of uncertai nty? Could your job be transferring you to another part of the country? Renting allows you more flexibility with pulling up stakes and heading out.