Renting vs buying a home: Ask yourself these 5 questions to decide - Business Insider

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To decide whether to buy or rent, consider whether you're looking for stability or flexibility

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Buying a home can be a good financial move, but depending on your personal situation, renting could be a better idea. Think about whether you can afford to buy a home you want, including the mortgage, interest, property taxes, homeowners insurance, and homeowner's association dues.If you plan to move out of the home in just a couple years, buying could be more expensive than renting., there's no clear right or wrong answer. Each option has its tradeoffs, and it all depends on which tradeoffs you're comfortable with.

 

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