Rent vs. Buying

Renting vs. Buying

 

Whether renting is better than buying depends on many factors, particularly how fast prices and rents rise and how long you stay in your home. Compare the costs of buying and renting a home and then decide if it’s the best thing for you.

Renting vs. Owning

Homeownership comes with many benefits, from practical to psychological.

Rather than paying rent to someone else, owning your home means making an investment in your future. In addition to that investment, there are tax advantages that come along with buying a home vs. renting, as you can deduct mortgage interest and property taxes. Home equity potential can also be a highly motivating factor in the decision to buy a home vs. rent.

Beyond the practical reasons for owning a home, the intangible, emotional benefits of owning a home vs. renting are equally important and, for some, even more compelling. Owning your home provides peace of mind, a sense of stability, and pride of ownership. Homeownership also grants you the freedom to create a space that is uniquely yours, whether that means redecorating, remodeling, planting a new garden or just knowing that you could if you wanted to.

Richard “Rick” Lopez
BRE 01911542
Direct 949.836.6785
www.thelopezregroup.com | rick@lowpez.com