Renting is often seen as a waste of money, but owning a home is not the best choice for everyone. Though you can build equity through your home and renovate at your own desire, buying a house comes with a big upfront cost. While renting the same place for years may cost more than buying a home, you can also use renting as a way to save up for a new home.

If you purchased a house within a homeowners’ association, you may be able to opt out of the community. However, this may be a long and expensive process with an HOA attorney, so make sure this is the route you want to take.