When it comes time to move out and find your own place of residence, the common question becomes, should you purchase or should you rent? There is no single yes or no answer to this question. The decision to purchase or rent depends on many factors. Consider each of these questions before moving into your first rental or home purchase.
Where are you at in your life?
Are you just moving out of your parents and beginning to navigate adulthood? This may not be the best time to purchase a home. It can be much harder to change your life after purchasing a house. Instead of simply moving out and breaking your rent, you must sell your house. If the market is low, you could be forced to turn down jobs, across state relationships, or travel opportunities. Avoid houses for sale unless Continue Reading