Monday, April 25, 2016 / by Lindsay Drautz
For renters, flexibility and limited responsibility is a win and homeowners purchasing their forever home is the american dream! There are benefits to support both, just as there are cons, but ultimately the decision to rent or own starts with whats best for you; what are your goals, how will it affect your lifestyle, what is your vision and so forth. Ask yourself these questions before assuming the simplicity in renting or leisure in being a homeowner.
We've all heard the "waste of money" renting entails, however the initial and reoccurring costs of home-buying can be just as intimidating. Renting, to most seems like the perfect option; zero commitment! And for our nesters, homeownership is rewarding and a leap to take pride in! Whether you're looking to lease or lay down roots, the choice is yours!
Pros of Buying vs. Renting:
The ease of maintenance and repairs- Your landlord is always there for you!
- Renting Pros
No Property Tax- That's a weight off your shoulders!
Insurance costs- Renters policies are more affordable
Homeownership- Independence! Having an investment that's truly yours!
- Buying Pros
Tax advantages- That can amount to huge savings!
Improvements- Increase the value of your home
Equity- Your ownership is an asset!