Buying a Home vs. Renting a Home

One of the first questions many home shoppers ask themselves is, "Should I buy a home or rent?"

For some, this question is easy to answer, as the lure for home ownership tips the scales in that direction. But for others, it's a tougher decision. For instance, some people might prefer to rent a home to get to know the community and experiment with their budget (before taking on a mortgage).

So what are some of the advantages of buying a home vs. renting a home? Which option is best for you? Here are some resources to help you decide:

Buying vs. Renting Calculator - This tool on the Ginnie Mae website will help you compare the advantages and considerations of owning vs. renting a home.

Buying versus Renting - More information on the same website that stacks up the pros and cons of buying vs. renting a home.

The Buy vs. Rent Decision - This article by financial guru Suze Orman does an excellent job helping you weigh the advantages and disadvantages of buying or renting a home.

Buy vs. Rent: What's Right for You - Here's a helpful tutorial that will help you ask the right questions (in the right order) about buying vs. renting a home.

Happy home buying!

~Brandon