FAQs- What are the Benefits of Buying vs. Renting?
Posted by Rick Cox on
For many renters, the transition of owning a home can be a major decision that will impact personal finances and can sometimes add stress. Although, renting seems hassle free, the benefits of owning a home can also be a great investment. Owning a home is a long term financial commitment that can pay off with the right knowledge and care. If you look at owning a home as an investment and tax deduction your future returns and retirement can benefit from that mindset. Ultimately, whether you rent or purchase a home, here are some data and comparisons of both to help you make your decision.
According to this case study from This Realty Matters, “Over the course of a year, a $1600/month renter would have spent $19,200 on rent. On the other hand, a…
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