Real Estate

Buying vs Renting-How to Make the Right Decision

Buying vs Renting - The Pay Calculator

 

If you’re looking to take on a new home, you’ll be weighing up the options carefully and deciding what’s best for you. Should you be buying your home in order to secure your future, or could you actually make yourself better off through renting?

Traditionally, home ownership was the best way for an individual to grow their personal wealth. With house prices rising and equity in your home increasing, you could create a strong investment for your own future, or for your family. However, a shift in the market over recent years has actually caused the tables to turn. If property investments continue to shirk the average and instead climb at a slowed rate, it will take much longer to make your investment back and for your home to start working for you. For some, renting may actually be the smarter long-term option.

Continue reading