There are many advantages to buying a home
versus renting one. View these advantages in the Buying
vs Renting Comparison Chart and Rental Payment
Chart below.
Buying
Vs Renting Comparison Chart
Advantages
Disadvantages
Property builds equity
Responsible for maintenance
Sense of community, stability
and security
Responsible for property
taxes
Free to customize decor and landscaping
Possibility of foreclosure and loss of equity
Not dependent on landlord
to maintain property
Less mobility than renting
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
Rental
Payment Chart
The chart below demonstrates the amount renters
will pay over a 15 and 30 year period - during which time
many could have become proud homeowners - based on a selection
of payments a month.
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