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Should I Rent or Buy? More Things to Consider
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With renting, you have little control over how much your rent payments will increase. Homeownership, on the other hand, offers the predictability of a steady monthly payment. Buying a home is a major financial move that comes with a ton of upfront costs. Sure, renting requires a lease. But if you are unable to sell your home, you may be unable to pack up and move to, say, Tahiti. Once you pay off a mortgage, the place is yours. But rent payments will never stop. In some areas, renting can allow you to live in a neighborhood where may not be able to afford to buy.

If you dream of making bigger changes to your home than just a fresh coat of paint, you may prefer buying. Just make sure to budget for home remodeling in your home search. Buy Calculator Debating on whether to rent or buy your next home?

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