The roadmap to deciding rent or buys a house

Deciding rent or buys a house

For many people, buying a home is a major milestone in life. Talking of home ownership, aren’t you tired of dealing with landlords? The thing about paying rent is that you will never see that money again. What you really want is a place to call your own, to build towards your future instead of working hard to enrich your landlord. You want freedom.

Of course, there are various considerations you have to keep in mind before deciding to buy a home. Owning a home comes with various cons and responsibilities that require deeper thoughts. For instance, you will have to pay for all the home maintenance, property insurance, and the new cost of taxes. Chances are your mortgage payment will be higher than your current rent, which may mean fewer night outs and less travel. [Read more…]