00:00Becoming a homeowner is a goal that many of us share, but renting also has its perks.
00:12How do you know which is right for you?
00:15Here are a few things to consider before house shopping.
00:25Renting comes with a bit more flexibility than owning a home.
00:29If a great job opportunity comes up in another state, it can be easier to break a lease or sublet than to sell your home.
00:36However, when you rent, you leave with nothing, as opposed to making mortgage payments that go toward equity in your home.
00:45If you plan on staying put for the next several years, buying might be a good move.
00:55Renting can be restrictive.
00:58Want to paint, install new lighting, or knock down a wall? Not an option.
01:03But, while owning a home comes with the luxury of personalization, it also comes with added responsibility.
01:09Any maintenance or issues that arise are now entirely your responsibility.
01:14Be sure you can afford these things before you decide to buy.
01:17Purchasing a home takes a great deal of financial preparation that renting does not.
01:26Either route will require proof of income and a credit check.
01:30But, buying a home will require significantly more money up front to cover your down payment and closing costs.
01:36If you haven't started saving, keep renting until you're ready.
01:48Also, if you have a regular plan.
01:49There are hundreds of drops between the andendo system.
01:51You can't afford to buy a habit.
01:53You can't afford to buy a house or this full time.
01:54You can't afford to buy a habit.
01:55But, if you're the landlord manager, I'm going to buy a house or you have a good path.
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