Renting Vs. Buying: Which Is Better?

renting vs owningBefore you burn that tax refund on shopping sprees, ‘red bottoms,’ or a lavish vacation, now is the best time to consider whether or not you should use those funds towards home ownership, or continue to pay rent in your cozy apartment.

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Becoming a home owner is still considered to be part of the “American Dream”.  However, just like anything else, there are definitely pros and cons. It all depends on the individual – your lifestyle, career, family, etc.

Purchasing a home is both the biggest financial decision and reward one can make because home ownership builds equity. Think you’re in the market to purchase a home? Here are some pointers that will assist you in making this critical decision.