Choosing whether to rent or buy a home is a major decision that affects your lifestyle as well as your financial situation. Real estate ownership is marketed as a long-term investment that would almost inevitably increase in value and have tax advantages. Renting has its own range of advantages, such as reduced liabilities and increased flexibility.
Renting offers security, predictability of monthly costs, and the ability to assign maintenance to another individual.
There are intrinsic benefits of owning a home. They include intangibles like tax deductions and equity, as well as tangibles like a sense of stability, social belonging, and ownership pride.