Choosing to rent or buy a home is a major life decision.  For many, owning a home is a great investment because it allows for stability.  For some, renting is a viable choice because one’s life may not allow for such permanence.

I choose to think of home buying versus renting in terms of security versus flexibility.  And, more simply, are the long-term benefits and advantages to home buying greater than renting…?

The answer is, YES…especially in this market!!

According to Business Insider, the median apartment rent rose 9.2% through the first half of 2021.

This leads to the question, why pay so much for something you don’t own?? 

When buying a home, the advantages are almost immediate.  Here are a few:

  • Freedom: your home is your own! No answering to anyone!
  • Set monthly payment-no effects of inflation based on current market values.
  • Appreciating investment-Home prices increase on an average of 3.9% per year allowing for a greater return on your investment.
  • Build equity-make your monthly payments and track your homes appreciation. You’ll receive this cash when you sell your home.
  • Tax benefits-you can deduct mortgage interest, money paid toward mortgage insurance, & property taxes on your federal income tax return.
  • Passive income-you may decide that you want your home to be a rental property which could be a steady flow of income.   

Home ownership sounds pretty good, right?!

At Agent06, we’ll always lead you in the right direction.  There’s no “fluff”, there’s no sugar-coating.  We’ll always help you figure out YOUR best path!


Leave a reply

Your email address will not be published. Required fields are marked *

Open sidebar