![]() In that scenario, if you’re planning to pack up and leave in the short term, you probably don’t want to spend the time and money necessary to buy a house, with a down payment, closing costs, loan charges, appraisal fees and so on.Īll told, the upfront costs of finding a house and taking out a mortgage can be in the tens of thousands of dollars (or higher). If you’ll only be in town a year, renting will almost always be your best choice. Perhaps the most important factor to consider when making this buy or rent decision is how long you plan to stay in your home.
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