If you have been wondering about whether you should buy or rent a property then SmartAssest has a series of interactive tools which can help you make the right decision. These tools include a renting vs buying calculator and an interactive map showing where it is better to rent and where it is better to buy.
SmartAssest's Rent vs Buy Calculator can help you make the decision of whether you should rent or buy a property. The calculator allows you to enter a location in the United States to discover how many years you need to live in that location before buying becomes a better option than renting. If you change the number of years you will stay in that location you can view the total buying and rental costs and the difference between them.
The interactive map shows the counties where buying a home is better than renting based on the number of years you plan to stay in an area. You just need to enter the number of years you might be living in one area and the map changes to show the counties where renting is better (colored yellow) and the counties where buying is better (blue). If you select a state on the map you can view the top ten counties where buying is better than renting in the shortest amount of time.
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