Renting vs Buying: 5 Things to Consider Before You Decide

The discussion around whether or not it is better to rent a home or buy a home is one that is brought up frequently.  The argument stays heated as markets fluctuate and answers may differ. The most critical factor in past discussions has always been highly dependant on one fact:  Is your potential mortgage payment less than your rent payment? But determining which is the right path is more than just determining which may be the cheaper option.

When deciding whether to rent or buy a home, consider the following before making a decision: