Houses always appreciate in value.

Home owners may have certain tax breaks that do not apply to people who rent their homes.

Renters usually need to get the approval of the landlord before making any changes to the habitation, such as paining or changing light fixtures.

Renting is sometimes financially easier for people because a down payment and other costs associated with buying a home are not required.

If you are not sure about your future plans, it is best to rent until your plans are settled.

Home owners can look forward to the possibility that one day they will not have a mortgage payment. This is not possible when renting.

Rental payments usually increase through the years, but it is possible to stabilize your mortgage payments.

Owning a home can be more challenging than renting, because the home owner is on the hook for any thing that goes wrong with their house.

Owning a house may give you more of a feeling of belonging in that neighborhood and give you the sense of putting down roots and getting established.

When deciding to rent or buy your own home, it would be a good idea to converse with your financial adviser first.