Is It Better to Rent or Buy? It Depends on Location and Time

The decision to rent or buy can be very difficult. The general rule of thumb when deciding is how long you are planning to stay in the home. If you plan on staying long-term, it usually would be worth it to buy. Buying and renting both come with many and different fees, including closing costs, rent and mortgage payments, taxes, utilities, and maintenance costs. Zillow’s breakeven horizon compares the costs of renting versus buying the same home. Besides costs, the decision should also be based on the location of the home. Zillow’s tool allows you to make comparisons by zip code to see what would be most beneficial to you. Read the full article here: http://www.zillowblog.com/2013-05-16/is-it-better-to-rent-or-buy-it-depends-on-location-and-time/