If you are making the comparison of renting versus buying a home, you need to consider all the factors. If you do a quick search online, most of the resources available will only look at mortgage payments, taxes, insurance, and maybe homeowner’s association (HOA) fees. However many of them will not discuss and outline the “other costs”. These are costs such as landscaping, snow removal, home furnishings, repairs, maintenance, replacements, and renovations. These “other costs” can add up to a lot over time.
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