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Decide whether to rent or buy


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Housing is the largest asset that most Americans own. Are you ready to become an owner or would it be best for you to rent right now?

In addition to searching for research about owning vs. renting, talk with people who own and with others who rent. Consider your current credit score, financial goals and your current spending plan as you make this decision.

The following resources may assist you in deciding whether to rent or buy:

Buy Versus Rent Calculator

Should You Buy or Rent Your Housing?


Getting Out on Your Own Tasks

1. Finding housing
2. Building credit access and usage
3. Reaching financial goals
4. Setting up a spending plan
5. Getting properly insured

Finding housing Subtasks

1. Determine the costs for various housing alternatives that make sense for you
2. Investigate the additional housing costs beyond those for rent or a mortgage payment
3. Decide how much you can spend on housing
4. Decide whether to rent or buy
5. Guard your rights as a renter

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