Buy vs. Rent Comparison Chart

 AdvantagesConsiderations
BuyProperty builds equityResponsible for maintenance
Sense of community, stability, and securityResponsible for property taxes
Free to change decor and landscapingPossibility of foreclosure and loss of equity
Not dependent on landlord to maintain propertyLess mobility than renting
 
RentLittle or no responsibility for maintenanceNo tax benefits
Easier to moveNo equity is built up
 No control over rent increases
 Possibility of eviction

                                                                          




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