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Buying vs. Renting

Owning a home has many benefits that you can’t get from renting. But buying comes with more responsibility. Check out the differences to help you decide.

OWNERSHIP  RENTING
Tax benefits* No tax benefits
Equity/build wealth No wealth building
Stability Ability to move
Responsibility Flexibility
Privacy Less privacy
Maintenance/upkeep fees Your landlord pays upkeep and maintenance

 

*You will need to talk to an advisor to find out about tax benefits.
 

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I agree with this idea. It is better to own a home than to only rent. - Marla Ahlgrimm

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