Buying or renting property
September 5, 2016 12:35am CST
I am looking to buy my first investment property and wanted to know people's thoughts about renting or buying property. Renting is properly cheaper in the short term but in the long term you would pay more renting than buying. What are people's thoughts?
6 people like this
• United States
5 Sep 16
@hereandthere It depends on what the problem is. Certain things they have to fix immediately, like if there was a problem with the water heater. Other things, like shingles coming off the roof, aren't as important so it might be a week or so before they get someone out to deal with the problem.
6 Sep 16
I'd prefer to buy the property if I can afford it. As you said, it's better in long run, and the property belongs to you. I can decorate or renovate the house as I wish too. Moreover, the price of property usually goes up. So I think it's wise to invest in property. Of course, the location matters too.