
Investment Benefits
 |
You build equity
over time, which you take in cash when you
sell your home.
|
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The profits
from home investments are often greater
than from any other investments.
|
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Because you
can borrow against it in most states, home
equity can be source of emergency funding.
|
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Land appreciation
adds to the value of your home.
|
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For many, home
owning is an important part of retirement
planning.
|
Personal
Satisfaction
 |
You gain more
living space.
|
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You enjoy the
satisfaction of pride of homeownership.
|
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Homeownership
is, for many people, a sign of independence
and achievement.
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RENT VS. OWN, WHAT'S RIGHT
FOR YOU?
Owning a home is the American
dream. But for some individuals, renting a property
can be a wise choice, both financially and personally.
Which is right for you? Consider the following:
Which
offers more value?
A home is an investment.
A rental property is an expanse. Homeownership
allows you to build up equity overtime, which
can make buying a home a better value even though
it might seem more expensive in the short-term.
Which
offers more stability?
As a renter, your subject
not only to rising rents, and also to the sale
of your building. As an owner, your home belongs
to you until you're ready to move on.
Which
allows you to benefit from mortgage interest?
You can deduct mortgage
interest from your income tax if you buy a home.
If you rent, your landlord gets the deductions
in uses your rent to make the mortgage payment.
Which
allows you to deduct real estate tax?
You can deduct real estate
taxes on your tax return when you own. If you
rent, your landlord takes the tax deduction.
Which
gives you good credit?
Homeownership is a major
indicator of financial responsibility and stability,
which gives you the chance to build a strong
credit history.