Reasons To Buy Vs Rent

Dated: 05/02/2019

Views: 210

1. You Can Make the Property Your Own.

You can decorate, paint, and landscape to create a home that fitsyour family and style.

2. Long-term Investment

Owning a home is a great investment because you get the benefit of living in the home as it appreciates in value. Real estate often builds equity faster than the stock market.

3. Tax Benefits

Owning a home means you can deduct mortgage interest and property taxes each year. The tax benefits can make the financial responsibility of owning a home comparable to renting if not cheaper.

4. Fixed Costs

As long as you get a fixed-rate-mortgage on your home, your payment will stay the same as rent goes up, property taxes can rise as the property appreciates but the extra fee is deductible.

5. Invest in You

Every payment you make builds more equity in your home. So instead of paying rent each month which only benefits the landlord each mortgage payment you make becomes a savings account for your future investments.

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Rebekah Bissen

The Bergamini Group is a dedicated team of agents and staff with one thing in mind "YOU". We believe in serving our clients by doing the job they hire us to do and doing it right. You can trust o....

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