RENTING VS. OWNING

Everyone's situation is unique, and while renting may be the only option for some due to financial constraints, the ultimate goal for many is homeownership. Owning a home not only provides stability but also allows for equity growth and tax advanages, which can be leveraged for future investments or to generate additional income.

RENTING

  • Easier to move for work or personal reasons.

  • Repairs and upkeep are generally the landlord's responsibility

  • No down payment, just a security deposit.

OWNING

  • On average there is a 5% appreciation on homes. Mortgage payments contribute to your principal.

  • Freedom to modify your home to suit your taste.

  • Higher int rate = more of a tax write off. There are so many tax advantages to ownng a home