Buying or renting a house? Here are the pros and cons

MANILA, Philippines – One of the most important things a family should have is a home.

Paying for monthly house rent can be painful. It's a regular expense that weighs on your finances and you don't get any tangible investment under your name.

Acquiring a property is definitely an option and a dream for most families with regular incomes.

Whether you decide to rent or buy a property, here are the advantages and disadvantages:

Buying a Home

Advantages:

Disadvantages:

Renting a Home

Advantages:

Disadvantages:

Look at all these pros and cons to help you make a sound decision on what really suits your needs, lifestyle and budget. Buying a home is a good investment, but if you can't afford one yet, renting is good for the time being. At the end of the day, choosing between buying and renting all boils down to one thing: your long-term financial capacity. – Rappler.com

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MoneyMax.ph is an online platform for comparing financial and telecom products and services. It aims to give the power of smart purchase decisions back to Filipino consumers by providing everything they need to become financially savvy.