The Pros and Cons of Renting vs. Leasing vs. Buying a Home

Abstract

When it comes time to move, you have a few different options: rent, lease, or buy a home. Here's a look at the key differences between renting vs. leasing vs. buying a home so you can decide what's best for you. Renting If you're not ready to commit to a long-term lease or purchase, renting is a great option. It also gives you the flexibility to move if your job or lifestyle changes. When you rent, you're responsible for paying monthly rent to a landlord and following the terms of your lease agreement. Can I Build Wealth While Renting? While it's possible to build wealth while renting, it's not as easy as owning a home. When you rent, your monthly payments go towards someone Continued The post The Pros and Cons of Renting vs. Leasing vs. Buying a Home appeared first on FastExpert.