New Homes Today Magazine
Should I Rent or Own?
Understanding the Benefits of Home Ownership
By Dennis Webb
Is owning a home still a good investment? Even in our current economy, owning a home is still a very smart long-term investment. Be informed. Take a look at these facts on owning versus renting:
Renting
. Renting is generally better if your rent is very low or if you plan to relocate in the near future.
. Typically, no maintenance is required by the renter.
. Renting provides no appreciation?no growing of your dollars?and no tax benefits.
. As a tenant, you'll need to follow the rules of the landlord.
. You'll need to adjust your personal décor preferences and lifestyle to the look of your rental.
. Rents are subject to change!
. Renting has a more transient feel and less like "putting down roots."
. Your neighbors are likely to change frequently, and with no pride of ownership, they may not be responsible renters.
Owning
. Your monthly payments build equity in your home for the future.
. Home ownership provides great tax benefits.
. Homeowners feel pride and satisfaction in owning their own homes.
. You have the ability to customize your home exactly how you want it.
. Your mortgage payment can stay the same over 30 years (or less), no matter how much housing prices escalate.
. Children and pets are welcome!
. Many folks enjoy home improvement projects and yard work. It can be great "therapy!"
. Homeowners have a sense of stability and a sense of community in within their own neighborhoods.
Purchasing a home is probably the largest investment you'll ever make. Take your time?and do your research. We are confident that when all of the facts are in, you'll want to take advantage of the many benefits of home ownership.
Ready to explore the American Dream?
Dennis Webb is Vice President of Operations for Fulton Homes, an established Valley homebuilder that offers a range of floor plans in great neighborhoods with amenities such as resort style pools and community centers.
Infolink:
Fultonhomes.com
