Renting vs. Buying: Pros and Cons, Should you buy or rent?
It’s true. Buying a home is a life-changing decision — and one no one should take lightly. If you’re thinking of buying in 2022, my advice is to gather as much info as you can from friends, family members, and industry experts like us!
At the top of the list to learn? The pros and cons of renting vs. buying.
PROS AND CONS OF BUYING
Pros: Build equity, fixed monthly payment, tax benefits, can remodel and customize, stability
Cons: Hefty down payment, upkeep and maintenance costs, property taxes, HOA fees, not easy to move
PROS AND CONS OF RENTING
Pros: Upkeep and maintenance costs covered, no property taxes, avoid market fluctuations, easy to move
Cons: Won’t build equity, rent may increase, no tax benefits, can't remodel or customize, pets may not be allowed (sniff, sniff).
If you’re still not sure whether you should rent or buy, reach out and let’s discuss your options to find the right solution for you. That's why we're here!
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