Buying a home can be an exciting experience for anyone. However, in some cases you just might be better off continuing to rent your home. There are many advantages to buying a home. However, it is not for everyone and buying varies from individual to individual. Currently more people are leaning towards renting but this could change in the near future. After doing the research and looking at all the options; Buying a House is the best way to go.

When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. However, when they buy a home, the money they put down for a down payment is an investment.

When the person sells the home they get back the down payment and the amount the property has appreciated in value. When looking at the advantages of renting it is easy to see the disadvantages of buying for some people. Even though you don’t get the money back that you spend.

Renting vs. buying really just depends on your personal needs. Both have advantages, but neither is the perfect choice for everyone. The first list applies to renting an apartment and the second list is for home buyers.

Keep in mind that there are many things to consider when choosing between the two, but this list just touches on a few of the differences. Much of it is just personal preference, so it’s important to figure out what’s right for you.

Advantages to Renting an Apartment:

• If you move frequently, or you’re unsure of how long you’ll be staying in the area, renting could be the better choice.
• People in the military are often better off with renting an apartment, since they could be stationed somewhere else at any time.
• When you rent, you don’t have to worry about things like mowing the lawn, repairing a leaky roof, buying a new hot water heater, or most other things that require maintenance.
• Renting can also be the first step towards buying a home, since you can get to know the area before you buy a house. It would be a shame to buy a house, then a few months later, wish that you lived a few miles away.

Advantages to Buying a House:

• When you buy a house, it’s generally a good investment that will increase in value. This might not be the case if you plan on moving right back out shortly after moving in, though.
• It’s yours to change as you see fit. Want to add a bathroom? Put a shed in the back yard? Paint it a different color? It’s nice to feel like you can do what you want because it’s actually yours, rather than having to read the fine print of your rental lease before doing something as simple as putting up a shelf.
• Having a yard is one of the obvious advantages, where you can soak up some sun while enjoying some privacy, rather than hanging out at a crowded public pool area. The yard advantage is also important for people with large pets that might not be allowed in an apartment.