Here’s a list of pros and cons of renting a home from one of our top carriers, Nationwide Insurance.  Careful consideration should go into the advantages and disadvantages for both to choose which would best fit your situation. 

Are you living in a very expensive market?  If so, renting is probably the cheaper option.  Are you looking to stay put for the long haul?  If so, you’ll likely make out better buying – particularly if you pay off your home. 

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Let these tips be a starting point as you weight your options.  If you’re considering your first home purchase, take a look at these tips:

First Time Home Buyer Guide – Nationwide

Read this first-time home buyer guide from Nationwide to help you learn what to expect when buying a home. Learn more.

For a deeper look at why renting a home may be better, take a look at this article from Forbes:

3 Reasons Why Renting A Home May Beat Buying

When it comes to buying vs. renting a house, there is always a passionate debate about which makes the most financial sense. Both sides have valid points, so it can be a bit confusing. The recent changes in the tax law have also made owning a home less financially advantageous.