Renting v. Owning

 

Tax Benefits

There are great tax benefits to homeownership. In fact, parts of the American tax system are specifically designed to stimulate home ownership. By owning a home, you’ll be able to deduct mortgage interest payments – greatly reducing your real cost of ownership.

Home Affordability and a Better Quality of Life

Housing affordability is at its best in decades! A high housing affordability rating means that owning now compares very favorably to renting.  When you own a home, not only will you experience living in a community surrounded by neighbors who share your common values, as well as the benefits of open space like a back yard for your kids to enjoy, but you’ll be able to feel the pride of ownership by having a place you can call your own. And you’ll be making an investment in your future by building equity.