The Perfect Time To Buy

 Owning         

  • Building Equity
  • Value of home may increase over time
  • Stable monthly mortgage costs
  • Mortgage interest and real estate taxes may be deductible
  • Feeling of stability and permanency
  • More privacy
  • Freedom to live by your own rules
  • Adapt home to fir personal needs
 
 VS.  Renting
  • Renter does not gain equity
  • An increase in the value of rental property may lead to higher rent
  • Rent payments can increase each year
  • No mortgage interest or real estate taxes are paid directly by the renter, so renter may not take deductions
  • Leases to be renewed, depending on landlord
  • Close neighbors, landlord rules
  • Must negotiate any changes with landlord
 

Looking to Buy?

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