Renting has its benefits, but it's smart to weigh your housing
options carefully. Don't automatically assume that owning
a home is out of your reach.
Rent or Buy? How to Decide
Renting instead of buying a home may seem like the most convenient or most affordable way to go. But, it pays to do some simple research to understand the pros and cons of buying versus renting. Owning a home might just be your best option, and here are four easy steps to help you decide.
- Consider buying - read our first-time homebuyers guide.Owning a home is a life milestone. The advantages are many: the chance to build value, the tax deductions and the satisfaction of owning your own piece of the American dream. Our homebuyers guide tells you everything you need to know. READ THE GUIDE
- Search for homes - see what's available.Savvy potential buyers scope out their options. FrontDoor offers homes for sale listings throughout the country. START YOUR SEARCH
- Take the mysteries out of mortgages.It's not rocket science, but some simple organization and light homework goes a long way. FrontDoor's home finance guide spells it all out in a simple, easy-to-follow topical format.
LEARN ABOUT MORTGAGES - Find out what you can afford.With interest rates near 40-year lows, buying a home could be more affordable than ever. Our Rent vs. Buy calculator can help you decide if you should continue to rent or make the move to buy and own a home. CRUNCH THE NUMBERS
Even More From FrontDoor:
To learn more about making the jump from renting to owning a home, get tips and advice from FrontDoor.com experts.