Renting:
Let’s be honest here. There are definitely perks and conveniences to renting. Most of us have rented an apartment or home at some point in our lives. If you are relocating to a new city or state, renting is almost the only option out of the gate.

• You can negotiate different Lease lengths
• If you’re renting an apartment, condo or townhome, there are no worries about keeping up with lawncare or snow removal.
• There is no need to own even a screw driver as all maintenance activities and responsibilities are not yours to lose sleep about.
• Moving to a new location is as simple as packing up your stuff and turning in your keys. There are no selling expenses, selling preparation, no ownership hassles whatsoever.
• Also, for those with qualifying incomes, a portion of your rent is even tax deductible.

Owning:
Ahhh, freedom at last, right? Well, sort of. At the very least, you don’t have to walk up 3 flights of stairs smelling the mixed aromas of half a dozen different dinners burning before you plunge into the aromatic safety of your own stale apartment. In all seriousness, home ownership is a big step towards financial (and personal) independence.

• Not only is your mortgage interest tax deductible, so are your closing costs, loan origination fees, property taxes, etc.
• Your house will likely gain value over time (long-term) as it provides you shelter, safety, and a home for your family.
• You get to paint the walls any colors that you want! You can even build flower boxes outside the front windows and plant flowers without seeking a landlord’s permission.
• If you buy a single-family home, you no longer share a common wall with your neighbors.
• You likely get your own garage to park in and own yard to relax in.