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Compare Home Ownership vs. Renting
| Home Ownership |
- Enjoy NEW home ownership! No mold, no maintenance, no worries!
- Monthly mortgage payments for a new mini home are often much less than what you would already paying in rent!
- Tax savings from your new home purchase
- Potential equity can be used to pay for your children to go to college.
- You are in control of your monthly payment.
- You can enjoy a nice deck to entertain and barbeque on.
- You can tend to a beautiful garden.
- You can decorate and design each room, as you see fit.
- You do laundry whenever you feel like it.
- Your children can play in your yard.
- Each mortgage payment goes toward building a nest egg for your family.
- You can have a storage shed.
- You have your own space for you and your family to enjoy.
- You have the pride of knowing you've accomplished a milestone.
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| Rent |
- Every rent payment disappears forever, and does not build equity towards your family’s future.
- Your landlord controls your monthly expenses.
- Pets are often unwelcome.
- You may not have a balcony to barbeque on.
- You live with someone else's design taste.
- You have to scrape together quarters each week to do laundry.
- Your children play in a parking lot.
- You search for parking in the street.
- Your children share a room, and space is minimal.
- You have to listen to your neighbors’ noise, and live in fear that neighbors may complain about your noise if your kids are playing too loudly or your tv is turned up too high.
- Lack of privacy.
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