Renting Pros And Cons 

PROS

Mobility/freedom to move around

Landlord pays for maintenance

Doesn’t require expensive closing costs

No fluctuation in monthly housing expenses

Allows you to test-drive different living spaces

CONS

You don’t build any equity

Limited ability to customize your living space

Rent could go up over time

Landlord might sell or decide to stop renting

Limited sense of home stability/permanence

Buying Pros And Cons 

PROS

You build equity over time

Home value may increase over time

You may reap tax benefits

Unlimited freedom to customize your living space

Sense of home stability/permanence

CONS

Closing costs can be prohibitive

Responsibility for maintenance and repairs which requires time and effort

Less flexibility to move (at greater difficulty/expense)

Home value may decrease

Recent tax laws could hamper tax benefits 

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