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  • Writer's pictureEnhanced Benefits Group

Owning a Home vs. Renting..

Updated: Jan 30, 2020

Advantages of Home Ownership

EQUITY - You can't build equity in an apartment or rental property.  In your own home you can!

TAX DEDUCTION - Your rent payment is not tax deductible.  The interest portion of your mortgage payment could be tax deductible (check with your tax advisor). PRIVACY - Your apartment shares the ceiling, walls and/or floor.  In a single family home, you have privacy! FIXED PAYMENT - Your rent almost always increases when your lease is renewed.  With a fixed-rate mortgage, the principal & interest payments never go up!PRIDE - An apartment can feel only like a place to stay.  Owning your own home give you pride of ownership!

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