Should You Rent or Buy Your Next Home?When is it time to stop renting a home and seriously consider buying your own place? That's a personal question and a very personal decision—it really depends on your lifestyle, finances, employment plans, and many other factors that could make buying a house an excellent idea or an absolutely terrible one.

To figure out where you are on the homeownership spectrum and decide what the best move is for you, personally, here are 5 signs that you should probably keep renting and 11 indicators that it's time to think seriously about buying a house.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Signs That You Should Keep Renting

You're Not Confident…

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When home prices continue to rise (and rise!) all over the country, some would-be homeowners are thinking about alternative paths to homeownership -- like teaming up with friends to buy a house together. This isn't a new solution, but it can feel very unusual for people who have never done it before or who don't know anybody else who's joined forces with friends to buy a residence. And like most big life decisions that aren't all that common, it's smart to research your options before you commit to one path over another.

If you have a friend you'd consider tapping as a real estate partner, then make sure you're covering all your bases before you sign any documents. Buying a house together isn't as permanent as marriage or divorce, but extracting yourself…

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