Rent VS Buy

Which Fits Your Lifestyle?

RENT:
  • I plan to live in the area for less than two years.
  • I want to maintain flexibility and mobility.
  • I am working on repairing my credit history.
  • I am saving money for a down payment.
ADVANTAGES:
  • Little no responsibility for maintenance.
  • Easier to move.
CONSIDERATIONS:
  • No tax benefits.
  • No equity.
  • No control over the rent increases.
  • A possibility of eviction.

BUY:
  • I plan to live in the area for more than two years.
  • I want to build investment equity over time.
  • I'm looking for ways to further my tax deductions.
  • I want the feeling of stability.
  • I want the freedom of changing a living space.
ADVANTAGES:
  • Property builds equity.
  • The sense of community, stability, and security.
  • Free to change decor and landscaping.
  • Not dependent on a landlord to maintain the property.
CONSIDERATIONS:
  • Responsible for maintenance.
  • Responsible for property taxes.
  • A possibility of foreclosure and loss of equity.
  • Less mobility than renting.

BOTTOM LINE
  • Looking at your gross costs, equity, and investment potential, it's better for you to buy than rent if you plan to live in your home more than two years.


Don't stress your self, I will help you decide. Think of FREEDOM, OWNING, and HAPPY LIVING with your family! If you want to have a better place for your family, don't hesitate to contact me. 






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