Renting vs Buying a Home
Updated: 2/14/2020
Renting vs Buying a Home

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  • I am the landlord of this home, how can I help you?
  • I am looking to either buy or rent this house but I don't know which I should choose?
  • I would suggest buying because it has many advantages! It can even reduce the amount you pay in income taxes each year.
  • Awesome! Could you tell me about the disadvantages?
  • I wrote a few of them down for you!
  • That's very helpful, Thanks!
  • Disadvantages of Buying a Home LiabilitiesUtility billsFlexibilityRisksPlace
  • Advantages of Buying a Home More privacyReal estate increases in value overtime customize/renovateInterest paid on mortgage is deductible
  • Also, buying a home requires a down payment, which is the initial payment when you choose to purchase the house.
  • I definitely want to buy this home!
  • Perfect! The mortgage is $200,000. This means that your monthly payment will be $912.10 over the span of 30 years with 3.625% interest
  • Great! Thanks!