would you say renting or owning a home is better in the first years of marriage?

Answer 1

If you can afford the down payment and mortgage payment for buying a home, that would be better than renting. Real Estate is a good investment and if you decide later to sell the home you will still end up profiting by equity accummulated during the time you lived there. If you were to sell your home, the amount of equity you acquire can be used to help purchase your next home. Renting just buys the payment you are charged in order to be able to live in the place you would be renting. Once you move from the rental property you move without gaining any profit at all.

Answer 2

I would say if you can afford too buy a home consider this when you are renting you are doing nothing then throwing the money into someone elses investment not your own. My wife and I reanted for about a year and half then moved to a city where the housing prices were more reasonable for a young couple and purchased well that was almost 6yrs ago now and well when I purchased my home it was a foreclosure so I got a great deal and therefore in the first few years what I purchased it for and the value today is roughly 50,000 dollars canadian that is. But it is money that I have gained in owing
my own place not someone doing the dance of joy by getting your money to pay the mortgage.
Think smart and God Bless.

Answer 3

2

Answer 4

Definitely renting. You do not need the burden of financial stress added to your starting years together. Money is a huge issue in marriages. By renting you don't have the worry of all the things associated with a house. You can concentrate more on the future and your marriage. We bought our house about 5 years in. We had saved enough and were comfortable with our purchase.

Answer 5

Since I have only been married for about 3 years I would say that renting would be a better option in the beginning. You don't want to ge bogged down with a lot of debt when you are still learning about each other. The early years can be used for building credit and saving money. Also maybe furthering education if needed.

Answer 6

Own, if possible. Renting a house is the same as renting an apartment. Say your spending $1000.00 a month in rent on a house. The landloard is probably paying the 500.00/month mortgage payment and pocketing the rest. Do your research and buy if you can. You may be able to get a nice house and a low FIXED rate. That way, YOUR money is going towards YOUR payoff, not lining his pocket.

Answer 7

It really depends on where you are in life at that time. If you are just finishing school and not sure about where you are going to be working, then rent. That way if you are offered a job in another state it is not a hardship.
If you are set in your place of employment, have a good amount of savings and are certain that you are going to stay for at least 3-5 years in the area that you are currently in, check for homes. It is a wise investment.

Answer 8

Owning a home is always better - at least your money is going towards something. My house payment is cheaper than some peoples rent and I have something to show for it. If you can afford it - go for a home.

Answer 9

Owning a home.

It's true, the first couple of years of marriage are the hardest and you'll fight but if you own your own home, your neighbors won't hear you! :)

Seriously though, owning a home is WAY better than renting an apartment.

Answer 10

We saved like crazy the first 18 months and then moved into a home we knew we could afford. We paid it off in 15 years. Moved two more times, always paying cash. Put our children through private schools and private colleges right through their master degrees. Now we live in a house that is paid for and is worth 10 times our first house and is 3 times bigger.