I will always prefer to buy as I cannot handle the stress of having to pay monthly or yearly fees and commissions for a rented apartment. It is not easy to handle.
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Most people here in my country are left with the option of paying rent because they cannot afford to build their own houses because it's very expensive to build a house .For me i have rented for many years making landlords money, so several years ago we decided it was time to invest in something that would give us return, was the best decision we have ever made and should have done it sooner.
Choosing to buy or rent, though, is a major decision that affects your financial health, lifestyle, and personal goals. Whichever option you choose depends entirely on your lifestyle and financial situation. Both require a regular income (so you can afford the payments and associated costs) and may also require a certain degree of effort to maintain.Life can be pretty unsettling latley with corona and other stuff. So you can see that renting is a bit difficult these days. And so buying the house is one decision that I have not taken. So I am thinking about such option between the two.
What is your approach in such case? Which one would you choose?
If I am bringing enough financially I am going to buy house outright. There is no point in renting when I have the capability to buy it out. but I see some people being mistake over here spending a lot of house rent when it can easily acquire one for themselves.
Buying of house is good if actually you have the money to buy house instead of renting, for me I also prefer of buying house if actually I have the capital I can buy instead of paying for rent, and the person will live comfortable without any problem by landlord.I am looking to buy currently but this market as been crazy and we've put in over 5 offers and have lost every single time.. It's not fun right now, we are currently renting.