Should I rent or buy a home?

If you are looking to rent or buy, the answer varies greatly depending on your financial and personal situation. Buying is great for individuals who plan on settling down into an area for a long enough time that they can start building equity in their home, plus being able to afford the upfront cost of homebuying. In contrast, renting is great for someone who has not decided on a place they can see themselves living in long-term. Neither is a waste, the answer depends on an individual’s unique circumstances.