Rent vs Buy
Should I buy or rent my property? Whether renting is better than buying depends on many factors. There can be many perks to becoming a homeowner—from having more control over your space to building equity and potentially benefiting from rising home values. But it also might be one of the biggest financial commitments you'll ever make, and it's not the right move in every situation.
There are times when renting is a better option than buying. If you are relocating to a new area, it might be wise to find a rental property and get to know the new area before you commit to buying a house in a place you’re not familiar with. Renting can also be a better option when you’re certain you won’t be in one place for long. But beyond those situations, buying a house is often a better choice financially speaking.
Try out this easy to use rent vs buying calculator from Fidelity Brokerage Services LLC.