BUYING VS. RENTING

Advantages and considerations in buying versus renting

In today’s market, home buyers definitely have an edge over renters. Home prices and interest rates are at an all-time low. Of course, there are more reasons why buying has its advantages than just price.

Buying Advantages

 

When you own your home, you enjoy the following advantages:

  • Sense of community, stability, and security
  • Free to change decor and landscaping
  • Not dependent on landlord to maintain property
  • Property has the opportunity to build equity
  • Tax savings

With today’s market, you could secure a home mortgage at an incredibly low rate, so owning a home is more affordable than ever!

There are a few expenses you have to take over as part of owning a home, such as insurance, HOA fees, and utilities, but home ownership is still a cheaper option in most markets.

Owning your home is still the ultimate American Dream.

Renting Considerations

 

When you rent a home, you have little to no responsibility for maintenance. Also, if you have a job where you might have to move around, you have more mobility renting a home than with buying.

 

However, you have no tax benefits, no equity built up, no control over rent increases, and the possibility of eviction when you rent.

Why Own Your Home?

 

1. Tax Breaks: You can deduct the interest you pay on your mortgage, your property taxes, and some other costs involved in buying a home.

2. Appreciation: Real estate has long-term, stable growth in value.

3. Equity: Mortgage payments let you build equity ownership interest in your home.

4. Predictability: Your fixed-mortgage payments won’t rise over the years so your housing costs will remain the same.

5. Freedom: It’s all yours! You can do whatever you want to your own home!

6. Stability: Remaining in one neighborhood or community for several years gives you peace of mind and offers a stable family life.

Metro Brokers Financial, Inc., 5775-D Glenridge Drive, Suite 200, Atlanta, Ga. 30328 A Georgia Residential Mortgage Licensee # 5892. NMLSR Unique Identifier # 163853. 404-847-2525

Better Homes and Gardens Real Estate Metro Brokers, Atlanta, GA. A licensed real estate broker in Georgia, North Carolina, South Carolina and Tennessee.

© 2024 Better Homes and Gardens Real Estate Metro Brokers®. Better Homes and Gardens is a registered trademark of Meredith Corporation licensed to Better Homes and Gardens Real Estate LLC. The services provided by Metro Brokers Financial, Metro Home Mortgage, Metro Brokers Insurance, Metro Title Trust and Metro Law Group are not provided by, affiliated with or related to Franchisor, Realogy Corporation, Meredith Corporation (or its affiliates) or the Better Homes and Gardens Real Estate System. Equal Housing Opportunity. Each Firm is Independently Owned and Operated.

Home
Properties
About Me
Blog
Neighborhood News
eho-89x83.png
realtor_white-71x83.png

Terms Of Use | Privacy Policy | Accessibility Statement | Fair Housing Notice

© 2025 MoxiWorks

© Better Homes and Gardens Real Estate 2023 – 2024. All rights reserved. Better Homes and Gardens®, BHGRE® and the Better Homes and Gardens Real Estate Logo are registered service marks owned by Meredith Operations Corporation and licensed to Better Homes and Gardens Real Estate LLC. Franchisee Legal Entity Name (not the dba) fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Better Homes and Gardens Real Estate LLC nor any of its affiliated companies.