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rent apartment vs buy home?
if you buy a home, if you ever sell it you get some of the money back, right?
but if you rent an apartment, all the money you put into it per month you lost and cant get back because youre not selling it if you move.
4 Answers
- CageyLv 41 decade agoFavorite Answer
Correct. A home is an investment. Remember that you will have upkeep when you own a home. You will need to paint and do repairs, do yard work or hire someone to do it for you. You will also need insurance and have to pay taxes. If you don't want to be that responsible, you can either rent it out or let it sit - which leads you back to an apartment or renting a house. lol
- anastasieLv 45 years ago
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- 1 decade ago
yes but if you are upside down on the house meaning owing more than its worth you wont get anything back when you sell it. you need equity in the house in order to benefit from a sale.