 Freedom of use (remodel)  Privacy  Usually a good investment; expected to rise in value  Income tax benefits  Could improve your credit rating  Used as collateral for other loans

 Less Mobility – much more difficult to sell your house  Need large amount of money for a down payment up front  Less money for other purchases due to high mortgage payments  Maintenance costs are the owner’s responsibility

 Greater mobility – don’t have to worry about selling your property  Freedom to choose another place if dissatisfied  More money available for other purchases  No direct maintenance costs  Improves your credit rating if rent is paid on time

 No freedom of use; must have permission from owner  No return on your money; never get to own the property  No tax benefits  Less privacy  No property to use as collateral for other loans  Must wait for maintenance