Rent vs Buy

Mortgage and Lending with Bridgewater Funding

Buy vs. Rent: Pros and Cons

. Advantages Considerations
Buy Property builds equity Responsible for maintenance
Sense of community, stability, and security Responsible for property taxes
Free to change decor and landscaping Possibility of foreclosure and loss of equity
Not dependent on landlord to maintain property Less mobility then renting
Rent 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

Comments (1)

Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC
If you rent the house can be sold out from under you. When you own you are in control of your life.
May 09, 2007 09:42 AM