Rent or Own?
If you are having that eternal internal debate about owning your home or renting your home,
here are a some eye opening thoughts for you to consider whilst you argue with yourself.
Equity – yes it is a real thing and yes, if you need to do it, you have the option to take out a
second mortgage if you need the money. That won’t happen when your landlord is the decision
Appreciation – do your homework and purchase real estate in the right area, and you very likely
will sell that home for more than you bought it for. If you want to sell – which is a decision you
can make only if you own and don’t rent.
Fixed expense – if you have a fixed rate mortgage, you can budget monthly knowing your
house payment will not change. If you rent, it’s likely your monthly payment will go up over
time. It’s a sign of the times.
There are all kinds of other benefits you will enjoy from owning your own home – from
decorating it any way you like, to a higher degree of health and happiness for you and your
children. Consider them all carefully before signing that next lease.