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Renting vs. Buying: What’s the Difference?

Renting vs. buying a home… it’s basically all the same, right? Well, not quite. While renting a home may seem more appealing, for it means less commitment and the ability to move residences quickly, renters also have to put up with one major factor homeowners do not: the landlord. Say goodbye to following your landlord’s rules and enjoy the lucrative benefits of owning your own residence.

 

Tax benefits:

Did you know that purchasing a home allows for tax deductions? Now you do! Learn more about the tax breaks you may face when buying a home.

 

Safety and privacy:

Owning a home is often appealing to new families because it means more privacy and eliminates landlords. Purchasing your home allows you to have the upmost control who enters your home and when. While we may never be able to fully choose our neighbors, conducting a detailed search and finding a home in a neighborhood brings peace of mind and a safe setting for children.

Decorate ’till you hearts desire:

Always wanted to paint your walls red? Now’s your chance when owning your home. Express your inner interior designer and take advantage of owning every square inch of your space.

Appreciation:

Homes generally increase in value over time, creating a nest egg for the future. If you are interested in learning more about appreciation or the other incentives in buying a home, contact a Hagerman Group team member today.

sources:

Top 10 Benefits of Buying a Home: Do You Know Them All? 

Advantages and Disadvantages of Owning a Home