Before you buy work through the simplicity, convenience, and other advantages of renting.
It might be less expensive. In some areas and during some time periods real estate may be overpriced. Let a knowledgeable agent help put this in perspective though. In the long run, you’re still probably better off buying.
It may be a simplier way to live. It is easier to find a place to rent. With the right landlord, it may be more convenient to have someone else make the improvements and repairs. And those who don’t like being tied down or who change jobs often, it provides more flexibility.
Liquidity and diversification. Renters often enjoy the extra cash on hand the results from not having to meet the intitial startup costs and unexpected maintenance and repair expenses. Without your reserves being tied up in the costs of home buying, you have the ability to make other sound investments.
Other ways of cutting taxes. Home buying isn’t the only means of cutting your taxes. Renters can take advantage of other accounts, e.g. 401(k), 403(b), SEP-IRA, and Keogh plans.
