RENT VS BUY

Before you set out to purchase a home it is important to know if buying is the best option for you. Below are some points to consider when making your decision.

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FREEDOM FROM RENT INCREASES:With a fixed-rate mortgage like most homeowners have, your payments of principle and interest remain the same. You no longer have to worry about increasing rents that will continue to rise more and more over the next ten years.

BUILDING EQUITY FOR THE FUTURE:Rental payments are gone once you have made them. That money is never seen again. But, with each mortgage payment you are buying something tangible, making an investment and building equity in your home. The longer you own your home, typically the larger your equity. 

KEEPING UP WITH INFLATION:Owning your home helps you keep up with inflation. Real Estate has historically kept pace with and usually appreciates faster than the rate of inflation. This makes owning a home one of the very best financial investments you can make.

SECURITY FOR YOUR RETIREMENT:Eventually your mortgage will be paid, leaving you living rent-free for your retirement.

PAYBACK ON IMPROVEMENTS:A renter gets n benefits from any of the improvements that they make on the property. As a homeowner you can realize some or even all of the costs from the improvements you made when you sell your home.

LIFESTYLE:When living in a neighborhood that is filled with homeowners like yourself, you will find that they too care about and have invested in their property. They, like you, are willing to invest time, money and effort into the care of their property, which ultimately improves the value of your own.

IT WILL BE YOURS:When owning a home there are no more restrictions that renters must face. You can paint the walls any color, hammer any nails into the walls and make any improvements or renovations you would like.