Renting Or Buying A Home? 16 Key Factors To Decide Your Choice

Factors to consider for renting or buying a home. Business woman thinking to buy or rent a home.

(6) Different Day-Night Schedule

It is one of the most common factors to decide on renting or buying a home. Economic globalization has resulted in generation of tremendous job opportunities for jobseekers. Today, job seeker in different sectors of economy not only in day shifts but also in night shifts.

If you are a renter & working in such sectors of economy where working schedule is changing continuously then your day & night schedule may become completely different from your landlord.

In such situations, you may have to face some restrictions from your landlord regarding your ever changing day & night schedule. If you are among those with ever changing day-night schedule then it will be much better to buy a house instead of living in a rented house to remain undisturbed from others.

[Read Also: 10 Most Simple Part-Time Jobs To Make Money Online]

(7) Stable Monthly Income

It is one of the key factors to decide on renting or buying a home. Several individuals prefer to be an entrepreneur in their life. Self-employment can result in fluctuating & unstable monthly income.

If you are a person with unstable monthly income then it will be much better option to rent a house room instead of buying a house. It is because if somehow you fail to pay off your monthly mortgage installments on time then it may result in foreclosure.

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