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To build or to rent?

After school, as you are getting your adult life started, establishing a career, getting married and starting a family, you need a roof over your head. But which is better, renting or building a house?

Both options have its advantages and disadvantages, and the best option for you will depend on your unique situation and future ambitions. Here are a few things to think about before making a choice. 

Budget

Money may be tight right now if you are in an entry-level position and paying off college and university loans. In a few years, you might have found a better paying job and eliminated other debt, which would improve your chances of becoming a homeowner. 

Flexibility

If you think you may want to relocate within a few years, renting might be a better option than buying. With buying a home, there are up-front costs associated, so the longer you own the home, the better a deal it becomes.

Reponsibility

For a house to retain its value, frequent upkeep is required. You might want to leave all of those aspects to a landlord if you do not want to invest the time or money required for maintenance. 

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12 to 24 Month CD $5,000 to $500,000: 2.05% Above $500,000: 2.05%
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Savings  2.0%

Updated October 22ND 2019

CURABRBCBDSELL
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3.4346

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