Buying vs. renting

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Why buy vs. rent?

  • Smart investment. When you invest in a home, it offers the possibility for appreciation in value. The equity becomes yours when you’re still paying off your mortgage. You even get to live in it while your investment matures.
  • Tax advantages. 
Since both mortgage interest and property taxes are tax deductible, homeownership can save you significant amounts of money every year.
  • Planned housing costs.
 You decide how much you spend on your home, including repairs and improvements. Unlike renters, homeowners with a fixed-rate loan can lock in their monthly housing costs.
  • Improvements to your taste.
 You can choose which improvements to make with your own property. You don’t need permission from a landlord to add a deck, remodel a kitchen or paint a room.