Graphic To rent or buy?

Are you ready to take the plunge into ownership?

Whether you should rent or buy is a complex and personal question. The answer depends on your finances and affordability in your area but also on whether or not you feel ready for the commitment of owning a home.

Key Takeaways:

  • Deciding whether to rent or buy may be one of the most significant financial decisions you’ll face in your life.
  • Although buying a home can come with advantages, such as ownership, investment opportunity and tax advantages, it can also represent a major financial and time commitment.
  • Renting can provide greater flexibility and may be easier to qualify for but doesn’t allow you to build equity or profit if home prices rise.
  • In addition to personal factors, you should consider real estate and rental prices in your area when making your decision.

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UBS Financial Services Inc., its affiliates and its employees are not in the business of providing tax or legal advice. Clients should seek advice based on their particular circumstances from an independent tax or legal advisor.

This is for informational and educational purposes only and should not be relied upon as investment advice or the basis for making any investment decisions. It has not been prepared with regard to the specific objectives, financial situation or particular needs of any specific person. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups of UBS.

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