Should You Rent or Buy a Home? 3 Charts to Help You Decide

The decision to buy or rent your home is a complicated one.

In addition to the financial implications of the decision, there are also lifestyle factors to consider. Owning a home comes with certain responsibilities such as maintenance and yard work that you might rather avoid. It also carries certain risks that renters don't face. If the roof leaks or the basement floods, you could be on the hook for thousands of dollars in repairs.

Where you want to live can also help you make the decision. In a suburb or a rural area, most people own their own homes, and finding a rental may be difficult. On the other hand, there's generally an abundance of rental apartments available in cities, and the price of buying a home may be out of reach.

Source Fool.com