There are many houses and properties to buy or rent. It is a big decision to decide on renting or buying. Most people choose to buy instead of 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. You need to compare mortgage and rent. There are also bills that you will be required to pay when buying a house. Choose two similar properties. One needs to be for rent and the other one for sale. Divide the yearly rent to get the ration. If the rent ratio is above 20, you would rather rent than buy the house or property.
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