Why Rent When You Can Own?

There are many advantages to buying a home than renting. When you buy a home your property builds equity and you also get a tax deduction of mortgage interest. One major advantage of owning is that you are free to change the décor and landscaping as you please. Personalize your home however you like and add your own personal touches! When you rent you have very little room to decorate and make changes. Many places won’t even let you put nail holes in the walls. Another major advantage to owning is that you don’t have to be dependent on a landlord to maintain the property or make repairs.

When you rent you get no tax benefits or equity gains, you could possibly be evicted, and you have no control over when your rent will increase. So which makes more sense to you? Owning or renting, I think the answer is pretty obvious.