In addition to the fact that you have more control over a home you purchase verses one that you rent (i.e. types of home improvements made, landscaping changes, etc.), there are several other reasons why it may be better to buy a house rather than rent.  For example, you can claim an income tax deduction for property taxes and mortgage insurance payments; however, if you rent, you are not even liable to pay these expenses.  Furthermore, owning your own home is an investment that should appreciate; however, that is not always the case and you could lose money if you sell too soon.

For more about buying a home verses renting read, “Should You Buy A House Or Rent? The Economics Of Homeownership.”