Renting vs Buying a Home Part A: Fill in the following chart. RENTING BUYING PROS CONS PROS CONS THE HOME BUYING PROCESS PHASE 1: Determine home ownership needs How much can I afford to spend? • What type of housing should I buy based on affordability? • PHASE 2: Locate and evaluate a home Where do I want to live? • What aspects of the home need improvement? • PHASE 3: Price the property What is an appropriate market • How much negotiation movement exists? • PHASE 4: Obtain financing
Renting vs Buying a Home Part A: Fill in the following chart. RENTING BUYING PROS CONS PROS CONS THE HOME BUYING PROCESS PHASE 1: Determine home ownership needs • How much can I afford to spend? • What type of housing should I buy based on affordability? PHASE 2: Locate and evaluate a home • Where do I want to live? • What aspects of the home need improvement? PHASE 3: Price the property • What is an appropriate market • How much negotiation movement exists? PHASE 4: Obtain financing
renting_vs_buying.docx