Close Menu
Basic Finance Care
    What's Hot

    Thinking About Investing in Precious Metals? Here’s Your Easy-Peasy Guide!

    June 30, 2025

    Mississauga Real Estate in 2025: A Smart Buyer’s Guide to the City

    June 14, 2025

    Don’t Trade CFDs Without Reading This First: How to Pick the Right Broker

    May 26, 2025
    Facebook X (Twitter) Instagram
    Basic Finance CareBasic Finance Care
    • Home
    • About Me
    • Hire Me
    • Contact
    • Submit Guest Post
      • Blogs Accepting Guest Posts
    Facebook X (Twitter) Instagram
    Basic Finance Care
    Personal Finance

    Buying vs Renting – What Makes a Better Choice?

    James PaulBy James PaulJuly 7, 20153 Mins Read
    Buying vs Renting
    Share
    Facebook Twitter LinkedIn Pinterest Email

    There is a good number of Americans who dream of owning a house. But is it the right time to buy a home? Many are dragged into believing that buying is a good option than renting as the later is often believed to be akin to draining out thousands of dollars.

    However, the problem is property value is floating into notoriously high level, spiking up with every passing day. It is getting really difficult – especially for the people with middle to low income ceiling – to buy a first home. And that explains why renting is still preferred to buying for a certain section of people.

    Housing Fees

    Let us face the things straight! It is not that you always throw away your hard-earned money while paying rent. The same notion may also be true if you are making a buy. Every month when I pay a few thousand dollars to my landlord, it makes me think that I could have spent that much into my own apartment. But then when I take a look at the current property prices, I don’t have to force myself into believing that I’m throwing money but in a better way.

    More Flexibility

    As a 20+ young guy, I’m yet to experience many things in my life. Though I love my current city a lot, I’m not adverse to the idea of relocating if right opportunity comes on my way. And it is needless to say that relocation comes with a lot of headache, especially if you own a house. Renting is more flexible an option and gives you a lot of convenience. Flexibility and convenience cannot be measured in money but the abstract feel means a lot to the adults and people like me who have just started out to earn their bread and butter.

    No Unforeseen Expenses

    Majority of those who want to own a house often forget a host of responsibilities and expenses that come with proprietorship. Cost of maintenance is most important of all, with others being expenses for insurance, closing, selling etc. And then you will find yourself always spending money on repairing or fixing things. Many roofing companies offer competitive pricing, it can still be expensive if you’re not prepared for it.”. You will also have to take care of ground maintenance and lawn work. But if you are paying rent, you don’t have to take all those into your head.

    Price Location Wise

    Buying can be a preferred option if compared with renting but that depends on where you will live. Location is what plays the key role here. There are several cities in America where property prices are insanely high and appreciate more quickly than what is experienced in other parts of the country. Given my current salary slab, it will take me years to make that much investment. But until then, I’m happy with my rented apartment and won’t mind spending money in someone else’s apartment.

    Personal Choice

    Last but not the least, it is up to one’s personal choice whether to buy or rent. Others’ view is not the sole thing when it comes to consideration because your choice must be based on your own needs. Preference, income, flexibility, lifestyle play a big role in deciding whether you should go for a buy or renting.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The Rise of Digital Wallets: How They are Changing Payments

    May 2, 2025

    Singaporeans Are Saving Big With These Finance Sites – Find Out How!

    April 16, 2025

    Creating a Trust in Canada: Key Steps and Legal Insights

    January 21, 2025
    Latest Posts
    Real Estate

    Thinking About Investing in Precious Metals? Here’s Your Easy-Peasy Guide!

    June 30, 2025

    With inflation hanging around, a lot of people are turning to things like gold and…

    Mississauga Real Estate in 2025: A Smart Buyer’s Guide to the City

    June 14, 2025

    Don’t Trade CFDs Without Reading This First: How to Pick the Right Broker

    May 26, 2025

    Swipe Smart: The Business Owner’s Guide to Lowering Card Processing Fees

    May 26, 2025

    Banks Keep Saying No? Try These Easy Tricks to Get Your Personal Loan Approved Fast!

    May 17, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Ads
    Personal Finance

    Three Occupations That You Could Turn into Hugely Profitable Businesses

    Personal Finance

    What Is The Importance Of Managing Your Money Well?

    Digital Currency

    All You Wanted To Know About Bitcoin, the Most Popular Cryptocurrency

    Money Saving Tips

    Worried About Christmas Spending? Follow these Useful Money Saving Tips for Christmas

    Auto Loans

    Auto Loans in Australia – The Things to Know Before Taking One

    About Us

    I’ve managed to graduate college free of student loans. My mission is to make people understand importance of money management and take sound financial decisions.

    This blog is my attempt to help to be prudent while dealing with saving, debt, credit, investment, insurance, spending or any financial issue. I am here to make your financial life to be sound and secure.

    If you like the articles posted here and interested to hire me for your content writing projects, feel free to contact me.

    Our Picks

    Thinking About Investing in Precious Metals? Here’s Your Easy-Peasy Guide!

    Mississauga Real Estate in 2025: A Smart Buyer’s Guide to the City

    Don’t Trade CFDs Without Reading This First: How to Pick the Right Broker

    Picked for You

    Gold Options

    Meet Financial Demands with Payday Loans

    The Latest Money Management Strategy on Binary Options – Martingale

    Type above and press Enter to search. Press Esc to cancel.