BUYING VERSUS RENTING

 

Buying a home:

 

A homeowner can benefit from the following:

 

Tax advantages

Equity in a home

Investment

Control- a Homeowner can add, remodel, or landscape their home when they choose

Commitment- There is pride of homeownership

Stability-No notice to move so the family feels more stable and secure

Community-It is proven that people who own a home are more involved with their community than people who rent.

 

Renting

 

Money is going no where except to the landlord.

 

No equity

No control of remodeling or landscape

No tax advantages

Rent may go up from year to year