Rent vs Buy a Home
Real Estate — Honest comparison to help you decide
Renting
- ✓ No down payment or closing costs
- ✓ Flexibility to move
- ✓ No maintenance responsibility
- ✓ No property tax or insurance
- ✓ Lower upfront commitment
VS
Buying
- ✓ Build equity over time
- ✓ Fixed mortgage payment (predictable)
- ✓ Tax deductions (mortgage interest)
- ✓ Full control over property
- ✓ Potential appreciation
The Verdict
Staying 5+ years in one place: buying usually wins. Moving within 3 years: renting almost always cheaper. The 5-year rule is the key breakeven.