We just got married. Is it better to rent or buy a house?
Buying tends to make more sense when your income, location, savings, and expected time in the area are stable enough to justify the upfront and ongoing costs. Compare those costs with a realistic rental alternative before deciding.
Build the decision from the full household picture
Compare the monthly payment, cash needed at closing, savings left afterward, existing debts, current housing costs, and any property either person already owns. Also account for changes that are reasonably expected during the next several years, such as a different commute, children, caregiving, or a need for more space. A lender’s maximum approval is only a borrowing limit; it does not decide what payment will remain comfortable for the household.
Compare buying now with waiting
Buying sooner may lock in a home that fits the next stage, while waiting can preserve flexibility and give the household more time to build savings or understand its long-term needs. Compare the cost of renting with the total cost of owning, including closing costs, maintenance, insurance, taxes, and the possibility of selling sooner than expected.