Buying a new house can be a huge expense, but it doesn't have to be if you're smart about it. You might find that you've saved up enough for a down payment, but the rest of your budget is still tight. If this is the case, consider renting instead of buying. Renting may seem like an odd choice for someone who wants to own a house , but there are many benefits to renting versus buying. Here are just some of them: You'll save on taxes and insurance Renting affords you more freedom than buying — you don't have to worry about maintenance or property taxes. And because renting is relatively inexpensive compared with owning, you'll also save on overall costs. That means more money in your pocket each month. You can move later in life when you're ready If moving isn't an option for you right now, renting allows you to live in a place until the time is right for you to buy. You don't have to worry about finding another job or building up equity before selling...
Factors to consider before Buying a House