King bell
VIP Contributor
Renting a property and buying it have their own merits and demerits. It is considered flexible for those who move often since it requires low initial costs with limited maintenance duties. It does not, however, provide much control over the property to tenants neither do they create any equity. Conversely, purchasing a house is a long-term investment that allows one to build on their net worth through appreciation of properties’ value over time. Home owners can also customize their homes as they wish without any restrictions from landlords or property managers. In the end though everything depends on personal situations and goals in life whether one should rent or buy a place to live in for good.
