Steven Melchor a.k.a. Melch

Realtor - Get more with Melch!

Buying vs. Renting



                     Thinking of Renting or Buying

                             Here are some things to think about:

 

 

Advantages

Considerations

   Buy

Property builds equity

Responsible for maintenance

Sense of community, stability, and security

Responsible for property taxes

Free to change decor and landscaping

Possibility of foreclosure and loss of equity

Not dependent on landlord to maintain property

Less mobility than renting

 

  Rent

Little or no responsibility for maintenance

No tax benefits

Easier to move

No equity is built up

 

No control over rent increases

 

Possibility of eviction