m the usual homeownership to home rentals. Much of this development can be attributed not by choice or preference but by exigencies of recent events which forced record number of homeowners to leave their homes and opt for home rentals.One of the best ways to determine which is the better option for you is to take into account the advantages and disadvantages of each of the two alternatives. Once you are able to weigh the strengths and weaknesses of the two alternatives, you will then be able to make a more informed choice. There are three critical variables that we have to factor in when considering our options. These are:* Financial position and cost considerations* Tax entitlements* Goals and prioritiesThe financial aspect is easily the most critical factor in our determination of the better option. There are instances where home buyers belatedly learn of their capacity to buy a home for almost the same amount they are paying as house rent on a monthly basis. This has got to be one significant setback for any person in terms of lost opportunity. As long as the intrinsic costs of the two options are equal, you are better off buying your own home. If this is the prevailing condition, then it is not difficult to make your choice.Another basic upside of buying a home is in terms of equity buildup. Home rentals do not have this feature and you will have to take into account the increase in your equity with home ownership when comparing the benefits and costs of renting and buying a home. You have to remember a basic rule when you assess the importance of buying a home. You improve your financial position as you increase your equity by paying up what you owe on your home.Home ownership will also result to a variety of tax exemptions and benefits. It is highly recommended that you consult your tax advisor or accountant to learn o encouraged by real estate companies for renters to eventually own the home they are renting is the rent to own program. Sales of homes and real properties have become stagnant in almost all parts of the country, including Charlotte, NC where there are many wonderful homes now for sale. But while there are many advantages and benefits for both seller and buyer, there are certain things to be aware of and must be avoided. If you are considering rent to own Charlotte homes, you must make sure that you have contract with the seller, as this will provide you with recourse in case the seller decides not sell the home anymore. Another thing to consider if you want to rent to own Charlotte homes is your own capacity to pay on time. This is important because some sellers may prey on those they think will not be able to pay on time and default on payments in the future. Defaulting or paying late means that the seller is not required to apply part of your rent to a down payment. You should also make sure you read and understand the f