PROS:
• Flexibility: Renting provides more flexibility in terms of mobility. It allows you to easily move to a new location or explore different neighbourhoods without the commitment of owning a home.
• Lower Upfront Costs: Renting typically requires lower upfront costs compared to buying. You may need to pay a security deposit and possibly the first and last month's rent, but you avoid the large down payment and closing costs associated with buying a home.
• Limited Responsibility for Maintenance: As a renter, you are generally not responsible for major repairs and maintenance costs. Landlords are usually responsible for taking care of these issues.

CONS:
• No Equity Building: Rent payments do not contribute to building equity or ownership in a property. You don't benefit from potential property value appreciation over time.
• Lack of Control and Stability: Renting means you are subject to the rules and decisions of the landlord. You may face rent increases, restrictions on customization, and the possibility of having to move if the landlord decides to sell or terminate the lease.
• Limited Personalization: Renting often comes with restrictions on making changes to the property. You may have limited freedom to customize or renovate the space to suit your preferences.

Ultimately, the decision between renting and buying depends on your individual circumstances, financial situation, and long-term goals. It's essential to carefully consider these factors and evaluate what aligns best with your preferences and needs.