I'm Of Thinking Renting, Why Should I Buy Instead Of Renting A Home
With the advantages that a buyer has in today's market it just doesn't make sense in my opinion to rent. You can actually buy a home now in most instances for less monthly payments than renting. Of course if you are in a job with a high potential for moving or relocation then renting may be a good option for you.
Renters have the option generally of not being tied to a home and can move relatively quick. Home or yard maintenance usually is not an issue, however, renters don't always have the option of decorating as they wish, everything must be cleared through the property management or rental office...there is no sense of permanence and there are no tax advantages.
Homeowners on the other hand own their home and can do with it as they like within the covenants and restrictions of a governing homeowners association if one exists for the subdivision or community. Homeowners also have tax advantages that are not extended to renters. Real estate or property taxes and mortgage interest are all tax deductible. Home ownership is not without cost, however, as there are regular maintenance, repair, taxes, association fees and future remodeling or renovation costs to consider.
Perhaps this is over simplified as there are many things to consider and a good real estate agent or lender can help you crunch the numbers to see if renting or buying makes more sense regarding your lifestyle.
Anyway you look at it the home you live in is going to get paid off...would you rather pay off someone else's home for them or your own?
If you need a knowledgeable real estate professional in Madison or Huntsville Alabama area, why don't you let me Google that for you! I also know outstanding agents in all states and Canada should you need help relocating to a new area.