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Buy vs. Rent Comparison Chart
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Advantages |
Disadvantages |
| Buy |
Property builds equity |
Responsible for maintenance |
| Sense of community, stability, and security |
Responsible for property taxes |
| Free to change decor and landscaping |
Possibility of foreclosure and loss of equity |
| Not dependent on landlord to maintain property |
Less mobility than renting |
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| Rent |
Little or no responsibility for maintenance |
No tax benefits |
| Easier to move |
No equity is built up |
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No control over rent increases |
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Possibility of eviction |
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