Buy vs. Rent: Pros and Cons
. | Advantages | Considerations |
Buy | Property builds equity | Responsible for maintenance |
Sense of community, stability, and security | Responsible for property taxes | |
Free to change decor and landscaping | Possibility of foreclosure and loss of equity | |
Not dependent on landlord to maintain property | Less mobility then renting | |
Rent | Little or no responsibility for maintenance | No tax benefits |
Easier to move | No equity is built up | |
. | No control over rent increases | |
. | Possibility of eviction |
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