Key takeaway

Buying a home may mean more costs than renting a home, but buying a home gives you the potential to build equity in the home and then sell it when you’re ready to move.

To buy or to rent, that’s the question. Buying a home potentially has long-term benefits. These include possibly seeing it increase in value over time, which could give you a sizeable return on your investment if you decide to sell it in the future. But unlike renting a home, buying means you’re responsible for maintenance and repair expenses, instead of the landlord. And that means it’s important to understand, and budget for, those costs.

Here’s a look at some of the key differences in costs.

Explore the differences in costs

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