So What's the Difference In
RENTING VS BUYING
Not sure whether to buy or keep renting? Here are 10 reasons to let Coldwell Banker help you take the next step:
Build equity.
Over time, homes have always gained in value, so you can expect to get your investment back and typically much more when you sell
Lower payments?
It depends on your rent, of course, but if you can afford just 5% down, your monthly payments may actually be less than your rent.
Suiting yourself.
When the house is yours, you can fix it up and decorate it any way you want.
In control.
You can choose when to move, instead of being pushed out at the end of a lease.
Tax deductions.
Save on taxes based on the interest and real estate taxes you pay instead of letting a landlord get the benefit.
Stability.
While most landlords raise rents every year, you can choose a fixed-rate mortgage where the payments stay the same.
Receive credit.
Money you put down and pay into a mortgage to build equity can be made available to you in the form of a loan or a line of credit.
Community.
Most homeowners feel a sense of belonging to their neighborhood and town that they just don’t feel as a renter.
Make it stop.
When the term of your mortgage ends, you’ll own your home outright. Paying rent never stops
Personal reasons.
You’ll have more privacy and, very likely, more living area. There’s also something very satisfying psychologically to owning your own home
More Articles On
RENTING VS. BUYING
The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]
Confidence Is the Key to Success for Young Homebuyers
Is This the Future of Rent-To-Buy?
You Don’t Need 20% Down and Seven Other Myths That Are Getting in the Way of Homeownership
