Owning a Home V. Renting a Home.

Owning a Home V. Renting a Home.

When deciding which is better to rent vs buy there is many different things to consider.    Renting can be easier sometimes, but owning can have a number of distinct advantages.

Advantages of owning a home.

  1. Your home is a savings account.
  2. You build equity for yourself with every payment.
  3. You may have tax benefits from the mortgage interest paid-  You must ask your account if possible for you.
  4. You can do what you want with the place.
  5. You wont be charged a late payment until the 15th of the month.
  6. You will eventually be able to sell your home for a profit or own your home outright

 

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