If you are still uncertain whether to purchase or rent a home then you can below list of cons when it comes to purchasing your own home and renting.

As you purchase a home, then you can certainly claim it to be yours. You will have an overall control of everything within your home. You will also have a greater chance for stability. This simply means that for as long as you pay your taxes and other fees then there is no need for you to worry about moving out to other homes. You may also build a better relationship in your neighborhood since you will have a longer time with them. Knowing your neighbor will give you a sense of belongingness. You can also have easier access if in case you need their help.

Now, when it comes to renting you must at least just pay for the renting fee and not on the taxes. You are not required to save a lot for the down payment as well.  When you rent you will also have a short-term commitment which means that you think you found something more appealing then you can just move out. There is no need for you to pay for any maintenance fee as well. All you must do is to call the owner and let them do the maintenance.


As you learn about the cons of owning your own home and just renting, you can at least weigh on which appeals more to you. Nonetheless, as you make your decision make sure that you discuss it with your family.