Benefits of owning and renting a home.

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Homes typically increase in value,build equity and provide a nest egg for the future. Your costs are predictable and more stable than renting,because they are ideally based on a fixed rate mortgage. Renting depends on your financial situation and preferred style of living.  There are many ways renting a home can benefit:
  • Renting a home can be cheaper than buying a home, your payment tends to be lower than a comparable house payment.
  • You have more flexibility when you rent, most leases are for 12months. so, if your job requires you to move frequently, renting can be a desirable alternative to owning.
  • Your landlord, not you, is responsible for performing nearly all maintenance and repair work on the property.
For many people, owning a home is the fulfillment of their dreams. It benefit are as follow:
  • It provides greater privacy.
  • Homes typically increase in value,build equity and provide a nest egg for the future.
  • Your cost are predictable and more stable than renting,because they are ideally based on fixed rate mortgage.
  • The interest and property tax portion of your mortgage payment is a tax deduction.

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