“Is buying or renting a house valued at $300K a better option for a

growing family?”
Criteria Buy Rent
(Weight) Examination Evaluation Score Examination Evaluation Score
Upfront 10% Down Large cost 5x1=5 Damage Deposit, Large 5 x 2 = 10
Cost Payment & and savings Monthly Rent monthly cost
(5) Monthly required. but no
Mortgage savings
required
Additional Insurance, Many 5x0=0 Renters Insurance Minimal 5 x 3 = 15
Fees Utilities, additional additional
(5) Internet, costs costs
Property Tax
Maintenanc Up to owner Takes time 2x0=0 Responsibility of No 2x3=6
e and landlord maintenance
(2) resources work
Equity/ Build Equity if The money 7 x 4 = 28 No Equity Paying 7x1=0
Investment staying long- you are money to
(7) term paying is someone else
going to
something
good.
Aesthetic Can make Personalize 3x3=9 Cannot make Stuck with 3x1=3
(3) stylistic changes to taste and changes without existing
(renovate, paint) function permission finishing’s
Permanenc Must sell, which Get money 3x2=6 Up to lease Can leave 3x2=6
e depends on the out of whenever
(3) housing market. selling, but depending on
realtors’ cost lease contract
$ and may
take a while.
Overall 48 40
Score
Evaluation: Red = 0, Orange = 1, Yellow =2, Green =3

Reasoned Judgement: Buy House