MoneyMakingEasier

It really depends on what your thinking of using the house for. If you only use it for about 3 years than you should rent your house. If you’re planning on living in your house for 7+ years than you should buy your house because it’ll eventually cost less.

Renting

Rent if you move very often. It will save you a ton of money and you won’t have to keep buying houses. You should also rent your house if prices are stagnant or falling. If the mortgage rates are super costly then you should also think about renting.

You should also rent if property taxes, HOA fees, and maintenance costs are substantial. Renting would be a lot cheaper if you didn’t have to worry about fixing the house because you wouldn’t be there for long anyways.

Buying

Buying would be cheaper if you are staying in that house for 7+ years because renting would cost more. You should buy right away if you know you’re going to stay there for a long time, just in case house prices start to rise. If anything were to ever happen you would earn a lot of money from the rising prices.

You should only buy if the mortgage rates are reasonable and not too costly. If they are then you should think about buying a different house. Buying would be cheaper if the property taxes and insurance aren’t too high, and if you could afford maintenance and repairs.