Many experts agree that while buying a home is often the ideal decision, there are definitely situations where a person would be smarter to rent. Find out which is right for you by taking this quiz.
Question 1 of 10
How does the cost to rent stack up against the cost to buy in your city? If you divide the average sticker price by the average rental rate and get a number in or above the 18 to 20 range, which route should you take a closer look at?
Question 2 of 10
If you're thinking of moving in the next couple of years or considering a lifestyle change like marriage or parenthood, which is potentially the smartest route?
Question 3 of 10
If you decide you're ready to stay put for a bit, what's probably the best way to go?
Question 4 of 10
If you own pets, which option is preferable?
Question 5 of 10
Are you dying to paint the walls and install those granite countertops you've been eyeing online?
Question 6 of 10
If you're not hot at managing your money, which alternative might you want to opt for?
Question 7 of 10
You've found the perfect neighborhood; unfortunately your jaw dropped when the real estate agent told you how much your dream home was on the market for. What should you do?
Question 8 of 10
Are you a DIY fanatic? If so, what housing path might that lead you down?
Question 9 of 10
Do you like dealing directly with individuals on a one-on-one basis? If so, what should you do?
Question 10 of 10