The Benefits of Buying a House

Deciding between renting or buying a residence can be a difficult decision for one to make. There are benefits for both options, depending on what stage of your life you are currently in. In general, the benefits of purchasing a home -- economic, mental, and emotional -- greatly outweigh those of renting. Renting provides residents with the flexibility to move whenever necessary and can also provide the tenants with lower monthly payments than buying.   Despite this, the benefits of buying a house tend to greatly outweigh those of renting.