Essay About Buying A Home

Some people might think that renting and owning are pretty similar, but they do have a lot of differences that people tend not to think about. In fact most people don’t do a lot of research on the differences and similarities. Renting a place to live is a wiser choice and is cheaper in the long run, but having a place that you own has a lot of advantages to. Some differences that people don’t think about are maintenance, utilities, and restrictions.

The importance of the location is underestimated by most people. How long it takes you to get to work everyday, how far the closest school is, and whether there is a grocery store within walking distance are essential things into which you should look before deciding whether to buy the house or notا. According to Psychology Today, the long rides you take to work everyday are associated with lower rate of well-being. You should not overlook the essentiality of your future house1. Moreover, you could hire a real estate agent who could help you by finding houses that fulfill your requirements. Hiring an agent would surely save you

Moving proved to me that I am capable of moving away from home. I might lose

Apartments are a better choice than houses because they don’t require as much work and commitment. It truly does depend on your preference. If you have a larger family, an apartment may not be the best choice. People sometimes spend months making the choice for their living situation because you don’t want to be unhappy since you may live there for over two years. The process can be dreading and tiring but in the end it will be worth it.

When you own your home, you have the luxury of not answering to a landlord, and the ability of decorating the inside and surrounding property as pleasing to you. But as a renter you have the flexibility to move when desired instead of staying stationary in a purchased home.

Even though you may be building equity in your home, that money is tied up in your home for many years. When you rent, you aren’t building any equity at all. So you really have to think about what you want, and when you want it.

Many may consider home to be where they enjoy being rather than a house they

So now, you must decide if renting or owning your home is the right decision for you. You cannot make a serious decision just to keep up with

| * Very little security, tenants can be evicted without a formal right to appeal with only two months notice * Private renters usually have to provide an initial rent & deposit before moving in. This can prove costly

When comparing and contrasting renting vs. owning the less costly option would be to rent. The renting option allows for cash flow and or more disposable income because capital wont be tied

When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the

Thesis: Home ownership provides greater potential gains than renting, while renting provides superior financial flexibility.

Down payment: For purchase loans usually customers are required to make a big down payment.

Some individuals may believe that buying a home is part of the American dream and that renting an apartment does not compare, yet satisfied renters would disagree. Even though owning a home provides a sense of security while allowing modifications without permission, renting is preferred more often over buying because the expense of updating, monthly payments combined with utilities, and paying insurance on a home comes with a high price tag. A homeowner does have several luxuries such as forming lasting friendships with their neighbors, making landscaping changes to their yard, painting and designing their home. While that remains true, renting an apartment comes with several different options and

Why spend money that is really needed for other things? Why live uncomfortably? Why be trapped in this hole called a home that belongs to another person? Why not live free and peacefully? When a person rents he or she usually throws away money that could be used to purchase something that belongs to them. Money is not easy to come by so why pay out hundreds toward something that is not benefit to the person paying it out. There is no good explanation for making a decision like this. The best option in a situation like this is to buy a house. Buying a house is a better option than renting an apartment.