Deciding whether you should rent or buy can be a tough decision. When home loans came easy, purchasing was often the choice for many middle class Americans, since home payments were often the same price or lower than rent. However, in the current economic climate, less people are able to be approved for a home loan, so renting is coming back into vogue. When trying to decide what is best for your situation, don’t let finances alone be the deciding factor.

Besides the financial pros and cons of renting vs. buying, there are other issues that can affect your decision. Investopedia.com recommends considering your personality, abilites and values. This means, for instance, that choosing a city apartment over the suburban or rural atmosphere could be a factor making it more feasible to rent than own. So if your personality yearns for city life, renting may be a good choice for you. And what about distance from your workplace? If you work at home or a rural location, owning a home in the country could fulfill a dream for you. However, if you have to commute into the city every day, taking care of a large rural property could take a lot more work than its worth, and you may not even have time for it.

When deciding whether to rent or own your next living space, think outside the box to consider numerous factors besides just the obvious pros and cons. When you’re ready to take the plunge, look for professional and helpful Jacksonville movers such as All My Sons Moving and Storage for all your packing and moving needs.