The question of whether to rent or buy a home can be a real tough situation. However, no matter what happens, you need to come up with a choice. To help you with this, you must check out three important things to keep in mind when you are in this kind of situation.   First, owning a home can always leave you into a tough situation in the end. Gone are the days when you can smoothly buy a home and sell it after three or so years and make a good profit out of it. Nowadays, with home values going down, a lot of people can be trapped in a situation where their debts are higher than the value of their home.   Next, the fact of owning a home will leave you a huge responsibility over maintenance. Repair and maintenance bills will always be yours. However, when renting, you just have to call the landlord for any maintenance needs.   Lastly, owning a home can pay you real well especially when the market is up. This is because when the value of the home rises, you can gain a lot of profit when you sell it out.   Indeed, it will rely on your choice as to whether you need to rent or buy a home. Whatever it is, it must be something that will give you the most benefit.