Rent or Buy?

Should you buy or rent a home?

Like with most money questions, there’s no one, universal answer. Instead, it depends on your own situation, from the state of your savings to whether you’re willing to coordinate getting a leaky faucet fixed.

The flowchart below may be able to help you decide.

When going through the chart, keep in mind that your answer is just for now — if the chart says you’re better off renting, it certainly doesn’t mean you have to rent forever.

In six months, a year, or even a matter of weeks, your situation could change and so could your answer.

SOURCE:  Business Insider