Five Benefits of Owning VS. Renting a HomeThe article discusses the benefits of home ownership as opposed to home rentals, which also serve as guide in an individual's decision to buy a house. The auth...
Owning and renting each have their advantages, but what’s best for you depends on your circumstances. Here are some things to keep in mind as you weigh the benefits of renting against the benefits of owning. Owning a home is a financial commitment that requires you to plan ahead and refle...
Owning a home can seem daunting, especially given the current state of interest rates and inflation. Those who are feeling the pinch are encouraged to remember the many reasons to prefer owning to renting. READ:The path from renting to owning: Advice for aspiring homeowners Adri...
Like getting married or having a baby,buying a home for the first timecan be a big step toward building a prosperous life. But it’s also easy to overlook the risks and potential downsides of owning a home. Before you commit financially, it’s important to know that homeownership doesn’t...
One of the greatest benefits of becoming a homeowner is the stability of owning your own home and being able to stay in the same spot if you so wish. As time goes on, fewer and fewer renters are able to enjoy the stability of a rent protected home in which they can stay for as lon...
Owning Assets Should you at any time, wish to start your own business, for example, owning your own property allows you to obtain a startup loan, as your property can be used as security. There might be other reasons you wish to borrow money, and with a house in your name, getting ...
Well obviously you aren't going to feel a lot of anti-housing rage if you can buy a beautiful house for $350,000 a couple years out of school! And obviously you have a better chance of making a larger absolute return on your investment with stocks since housing is so cheap. ...
Owning a home requires fiscal responsibility, before and after the purchase. It takes time to save money for a down payment and build credit that will get you the best mortgage possible. Once you buy your house, you’ll be making monthly payments towards your mortgage. You’ll also be payi...
More control over your environment.Owning your home means you can adjust it to your liking — you can build, tear down walls and design the home of your dreams. But, even with all those perks,buying a home isn’t necessarily better than renting a home, and renting a home isn’t always...
Of course, I have a lot of smart readers who looked at this spreadsheet and all replied with the same question:Why did I ignore the tax benefits of owning a home? It’s a good question. Owning a home does come with a few potential tax breaks and in some cases those tax breaks can...