Buying A House Vs Renting A House?

0 votes
asked Jan 4, 2017 in Real Estate - Renting by Alex Holden (310 points)
I'm currently renting a house. I'm looking into buying soon once I have the down payment saved up.

Is it better for me to buy a house or just continue renting?

7 Answers

0 votes
answered Jan 4, 2017 by Kylie (230 points)
Buying a house is best. Because although you might have higher payments you do eventually pay off the house.

Renting you really pay more for the house and never own it.

With renting you're stuck with payments for the rest of your life. With Buying you eventually get rid of the payments and save money.

Yes you still owe property taxes but no more house payments.

You might also look into rent to own houses. You pay rent sometimes without a down payment and eventually you own the house when the last payment is made.
0 votes
answered Jan 12, 2017 by Susan (200 points)
Your best bet is to buy a house.

If you can't get a traditional mortgage on a house.

Then you might look for rent to own properties. Rent to own houses is where the seller of the house finances the house themselves.

Some may charge interest and want some money down and others might not.

If you're good at fixing up a house, then look for a cheap run down one that is owner financed and do the work yourself.

You'll save a lot of money that way.

When you're just renting a home then you'll be paying monthly payments for the rest of your life.
With buying you will eventually get rid of house payments, rent payments.
0 votes
answered Mar 19, 2022 by bella (980 points)
edited Mar 23, 2022 by bella

I think that you can make any house much more beautiful and make cool repairs if you have good materials and a team of workers! I love wood and you can make a lot of beautiful interior designs from https://www.mgnbm.co.uk/ - builders merchants near me! I recently did a house renovation and found a lot of good materials for my house here!

0 votes
answered Mar 9, 2023 by AuroraGa (1,500 points)
Greetings to all! I am searching for high-quality designs of wooden houses as I have always dreamed of living in one. I appreciate any assistance you can provide in advance.
0 votes
answered Mar 9, 2023 by William009 (1,500 points)

Hi guys! I want to share with you my experience in this. If you are looking for a log home, look no further than shop log homes and prices. They have a fantastic selection of log homes to choose from, each prettier than the last. The website is easy to navigate and contains detailed information about each model, including floor plans and prices. I was impressed by the quality of the materials and the craftsmanship that goes into every home.

0 votes
answered Apr 2 by Trisha (1,680 points)
Hi all. Can you recommend a company for loft renovation? I need professionals who can transform my space into a stylish and functional place to live or work. Do you have any recommendations or experience working with specific companies?
0 votes
answered Apr 2 by Branlee (2,360 points)
edited Apr 2 by Branlee

About half a year ago, I worked with https://loftworld.co.uk They did a great job renovating my loft, turning it into a cozy and stylish space. Their professionalism and attention to detail amazed me and the result exceeded my expectations. If you are looking for a company that can transform your loft into the perfect place to live or work, then I am confident that this company can help bring your ideas to life.

103,079 questions

101,946 answers

1,329 comments

7,030,428 users

...