Tuesday, September 23, 2014

Owning vs. Renting

Here are just some of the advantages of Home ownership:

  • Equity: You can't build equity in an apartment or rental property. ~In your own home you CAN.
  • Tax Deduction: Your rent payment is not tax deductible. ~The interest portion of your mortgage payment could be tax deductible.*
  • Privacy: Your apartment, shares the walls, ceiling and/or floor. ~In a single family home, you have privacy.
  • Fixed Payment: Your rent almost always increases when your lease is renewed. ~With a fixed-rate mortgage, the principal & interest payments never go up.
  • Pride: An apartment can feel only like a place to stay. ~Owning your own home give you pride of ownership.
*Consult your tax adviser

These advantages shared by:

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