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.