Is it worth buying instead of renting?
Is it worth buying instead of renting? Buying a house gives you ownership, privacy and home equity, but the expensive repairs, taxes, interest and insurance can really get you. Renting a home or apartment is lower maintenance and gives you more flexibility to move. But you may have to deal with rent increases, loud neighbors or a grumpy landlord.
What is the main reason to avoid renting to own?
You will pay much more than the cost of the item in a short period of time. Renting to own typically involves paying more for the item over time compared to buying it outright. The extra cost comes in the form of fees and interest that are added to the base price of the item.