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Have to maintain and provide all utilites.

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You have the freedom to do what you want since you are the owner of the property. Also your payments are actually going toward paying off the property and not to the landlord

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You have the freedom to do what you want since you are the owner of the property. Also your payments are actually going toward paying off the property and not to the landlord

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Property it yours and can change and decorate it in any way you want. No rules or restrictions by other person.

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mortgage payments can be very expensive

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The monthly payments may be less than a mortgage, low maintenance costs, no risk of home price depreciation, freedom to move or downsize when necessary, no real estate taxes and no down payment

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security deposits can be taken

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Rules and can't make change without landlords consent.

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no landlord

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very expensive right away, lots of maintenance to keep up with

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potentially helps you build your credit

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- No real estate taxes
- Some utilities may be included

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There are limitations on what you can own and what you can do when renting such as restrictions on pet ownership and when you are allowed to have guests over

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There are limitations on what you can own and what you can do when renting such as restrictions on pet ownership and when you are allowed to have guests over

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No rent

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its your home, you can do what you want to it. you have your own privacy

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certain rules and standards you have to follow

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certain rules and standards you have to follow

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More expensive upfront

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One of the advantages of renting is that the landlord will sometimes pay for some of the utilities like garbage or water. Also, if a utility provided by the landlord stops working, the landlord will fix it.

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1/ cant decorate
2/ have to keep it super tidy
3/ can get kicked out at any given time

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1. fewer maintenance costs
2. less stress because you don't own it

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1/ stable monthly pay
2/cheaper option
3/ doesnt have to be long term
4/ dont have to worry about maintenance