Buying Vs. Renting A Home

3d computer rendering of a house and clipboard checklist.

Deciding whether to rent or buy can be a tough choice, and there’s no one-size-fits-all answer. It ultimately comes down to what makes sense for your lifestyle and goals. Take this short quiz to help you weigh the options and determine which path is right for you.

Buying vs Renting comparison

Tally up your answers. If you answered mostly A’s, homeownership might be the right option for you. If you answered mostly B’s, renting may better suit your lifestyle for the time being.

fact - homeowners have 40x more next worth than renters

The Final Factor: Finances

If you want to buy a home, the most important question to ask is if you can afford it. Schedule a call with your mortgage loan officer to go over your finances and discuss whether you’re financially ready to take the leap into homeownership. Even if you don’t feel ready right now, they can help you understand what steps you need to take to get there.

Your decision to rent or buy ultimately depends on what’s more affordable for you. For a simple way to run the numbers, try using some of our mortgage calculators.

About HSFCU Marketing

Hawaii State FCU firmly believes that financial education empowers people to make smarter decisions throughout their lives, resulting in a better financial future. We do this by providing useful financial tools such as educational blogs, online courses and free webinars on a variety of topics including planning for retirement, debt management and buying a home. For more information on these and other resources, including free financial calculators and budget-friendly recipes, visit and click on “Financial Health.”

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