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Are You Considering Renting Or Buying A House?

It feels good that we can afford to buy and own things. Same goes with buying a house. Many people believe that it is better to buy a house than to rent a house.

Buying a house is indeed good, but there are cases where renting a house benefit more to some individuals. This is because buying a house usually takes at least a few years for it to become a better deal compare to renting a house. Due to the high up-front costs in making a purchase, you will end up forking out a higher monthly payment. However, you will have to keep in mind that these payments that you make build equity towards your house at the end of the day. When you ‘buy a house’, you are ‘keeping’ what you pay for. Where else in renting, you will never own what you pay.   

So, we now established the concept that buying a house is good. You might feel the pinch as you make your monthly payment each month for the house, but it is worth it as your house generally appreciates in value as the years go by. To understand this better, Let’s watch the video clip below:

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