It all depends on the profile of each individual. For some people, renting may be the best option if they have no plans to settle down for a while, aren’t sure where they want to live or perhaps want to get a feel for the city where they just moved to. These are all good reasons to rent.
On the other hand, being a homeowner brings numerous benefits, you may build equity and credit, there’s no landlord to answer to, you have more stability, especially with schools, home ownership brings possible tax benefits, and you can improve or upgrade home to your liking.
There are pluses and minuses for both renting and home ownership, and these are based on the current situation of each individual. Speaking with a real estate professional could help bring clarity to which path to go down if you are currently unsure. A real estate professional can also assist you to find the perfect place!
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