To buy or to rent?
Quick tip: Buying offers stability, security and the chance to build an asset. Renting provides flexibility and freedom.
If you buy, you could build equity in your property. Buying allows you to put your personal stamp on the home, and perhaps adding to the property’s value.
You’ll also have greater security and stability if you buy. You can live in your home as long as you want – and leave it as an inheritance to your loved ones.
Flexibility is a key benefit of renting. If you wish to move at the end of a lease, you can easily do so.
The drawbacks are that you’ll never own the home you live in and you could be asked to move out if the landlord decides to sell or move into the property themselves.