Should I Buy Or Rent?
How does purchasing a home compare with renting? The two really don’t compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may be at the mercy of the landlord for housing. Owning a home has many benefits. When you make a mortgage payment you are building equity, increasing your net worth. Owning a home also qualifies you for tax breaks that assist you in dealing with your new responsibilities, like insurance, real estate taxes, and upkeep, which can be substantial. But given the freedom, stability, and security of owning your own home is worth it.
Find out all you need to know about how purchasing a home compares to renting in order to help you determine if you should buy or rent in Durham, Cary, Raleigh, or in a surrounding area.
Contact ERA Triangle Real Estate Group today at 919.981.6505 to team up with a company who is committed to YOU and in finding your new home!