Owning Vs. Renting
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!
The American Dream - Homeownership. Owning a home is a big investment, but ask a lot of people the same questions and you'll hear them say it is on...
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