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Posted on November 20, 2024 by Sandeep Kaushik

The decision to rent or buy depends on various factors, including: - Financial situation: Consider your income, savings, debts, and credit score. - Location: Think about the local real estate market, proximity to work, schools, and amenities. - Long-term goals: Reflect on your plans for the future, such as starting a family or relocating.

Some key points to remember

Renting:
- Lower upfront costs
- Flexibility to move
- Maintenance and repairs are handled by the landlord

Buying:
- Building equity and potential long-term investment
- Customization and control over the property
- Tax benefits like mortgage interest deductions

Ultimately, the decision to rent or buy depends on your individual circumstances and priorities. It's essential to weigh the pros and cons carefully and consider seeking advice from a financial expert.
What's your current perspective on renting vs. buying?