If you’re deciding whether you should buy or rent a home, there are a few things you need to know. First, if you rent for 10, 20, or even 30 years, you’ll end up throwing away a ton of money that you could have invested in a home purchase instead. Second, the government rewards homeowners by giving tax write-offs.
Finally, owning a home allows you to build equity by paying down your mortgage and you can turn that equity into cash later on. Renting doesn’t give you that opportunity.
Please feel free to reach out via phone or email if you’re seeking a more in-depth conversation on this topic. We’d love to hear from you.