Before you start your property search, you should take some time to assess whether buying a home is a better choice for you than renting. Both options have their own set of benefits and potential drawbacks.
Whether buying is a better choice financially than renting depends on a number of factors such as how fast rent and home prices are expected to rise and how long you plan to stay in the home. Our Buy v. Rent Calculator can help you analyze the potential financial difference between renting and buying a home.
In addition to evaluating which option is more advantageous financially, you should carefully consider whether homeownership fits with your future plans and the lifestyle you want to live.