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Renting vs Buying a home
by rwesol20
Updated: 2/18/2020
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Storyboard Text
I am wondering whether to rent or buy a home?
There are advantages and disadvantages for both.
Some disadvantages for renting are that you can't build equity with the home as the years go on, and you can't change the home or tear down walls.
Some advantages for renting are less maintenance work, and you can easy move from place to place if you get a new job.
Some disadvantages are that you end up paying more because of interest, and it is a huge investment.
Some advantages of buying a home are that the value of your home increases as time goes on, and you can rearrange it however you would like.
I think buying a home sounds like the right choice for me.
Great! Now you will just have to figure out your down payment, which is is the initial 5-25% of money paid upfront
Along with that, you will have to figure out the monthly payment you want to make for your house, a smaller interest leads to paying more overall
