One of the biggest decisions for anyone looking for a new home is whether to rent or buy. This is ultimately not just a decision about the place you’re going to live but also about your financial future. While both options have pros and cons, renting and buying have different implications for your budget and lifestyle.
Purchasing a home is a big step. Your friends at One Percent Guys Full Service Real Estate Agents have compiled a list of some of the benefits you will enjoy as a home owner. Let’s get started:
No Rise in Rent
One big disadvantage of renting is that you are subject to rising rent rates. There is always a chance that the cost of rent rises beyond what you can afford, especially with what our Orlando listing agents/Tampa listing agents/South Florida listing agents are seeing happening to rental rates throughout Florida.
Owning a home is a substantial long-term investment with significant benefits such as equity buildup, tax advantages, and property appreciation. As your home’s value increases over time, you will reap the benefits of being able to take advantage of home equity lines of credit and/or making money on selling your home should you decide to downsize or re-locate.
Our next article will cover more reasons to consider purchasing a home vs. renting.
One Percent Guys Full Service Real Estate Agents are the original providers of 1% real estate. Our Tampa listing agents/Orlando listing agents/South Florida listing agents and buyer’s agents stand ready to make your homebuying experience pleasant and memorable. Additionally, when dealing in one percent real estate, you are afforded many financial advantages to enjoy. Looking to buy or sell a home? Contact your friends at One Percent Guys Full Service Real Estate Agents today!