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