People have an inherent need to make their space their own. It's a part of what makes a home feel like home. The downside of renting, however, is that you typically don't have the freedom to customize your space.
Buying Means Freedom to Customize
As a homeowner, you can update, renovate, paint, add-on, or do whatever you like. You get to truly make it yours. While the ability to personalize your space might not be a deal-breaker early on, it becomes more important as your family grows and your lifestyle evolves.
Perhaps you'll someday change the home office into a nursery, remodel your kitchen to be more functional, or simply feel like changing the color of the walls now and then. Owning your home means you can do all of this and not have to worry about answering to a landlord. Who doesn't want that kind of freedom?
To Rent or To Buy: Making Your Decision
There are a lot of benefits to buying a home aside from the ability to customize your space, but there are also important financial aspects to consider.
Your decision to rent or buy ultimately depends on what's more affordable for you. For a simple way to run the numbers, try this buy vs. rent calculator. Based on the numbers you enter, you'll get a quick look at which is cheaper.
This company and its loan officers are not financial advisors. You should consult a financial advisor to devise a financial strategy that works best for your situation.
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