Wednesday, September 19, 2012

Renting Vs Owning

There are a lot of reasons people rent or own. Here are some of the major ones.

Renting

Pros

  • Your not bound to a property
  • Landlord's job to maintain
  • More affordable

Cons

  • Can't alter property with out permission
  • You don't own the property
  • Landlord can cause issues

Buying A Home

Pros

  • Its an asset
  • You can change anything you like
  • You can sell it to gain back money spent

Cons

  • Responsible for all issues
  • Can be hard to sell if there are issues
  • Cost a lot of money

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