There are plenty of properties and houses for sale and renting. It is an important decision to decide to buy or to rent. Most are those who prefer buying over renting. Buying is a great investment but there are times when renting is the only option. This guide provides you with tips to help you decide whether to buy or rent.
It is essential to consider the price to rent ration. Make comparison of renting and mortgage. There are other bills included if you choose to buy a house or property. To do this, you need to identify two properties that are similar. Choose one for rent and the other for sale. Divide the yearly rent to get the ration. When price to rent ratio is above 20, it shows that purchasing the property is … Read More