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Renting vs. Buying

Choosing to rent or buy a home is a major decision. It affects how you manage your money, your lifestyle and your future goals. Many people who come to INHP have a goal to own a home; however, we often remind clients that homeownership may not be suited for everyone – and that’s okay!

INHP’s homeownership advisors use this worksheet to help people answer the question: Which is best for you? Here are a few examples.

 

Owning a home

  • Builds equity
  • Decreased mobility when you need to move or leave
  • Can personally customize and decorate

Renting a home

  • Does not build equity
  • Easier to move from place to place
  • Possible restrictions and limitations on decorating

 

Download the full guide here, and feel free to discuss these with a homeownership advisor at INHP.

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