Rent versus buy? It can be a tough question! With interest rates at forty year lows, the decision to rent versus buy a home can be difficult. In many cases, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant. Here are some additional advantages of buying versus renting:
- Property builds equity
- Appreciation in value (for a monthly market report on Ohio visit http://www.realliving.com/christina.asadedwards/OhioMarketReport.asp )
- Not dependent on landlord for maintenance
- Able to remodel and pride of ownership
- Mortgage interest deductions tax benefits
Use this financial rent versus buy calculator to determine which makes sense: http://www.frontdoor.com/tools/calculators/rent-vs-buy.aspx
Blog article provided by Christina Cavins, a Nationally recognized Realtor with Irongate Inc. Realtors. Christina can be reached via email at ChristinaCavins@aol.com or by cell phone or text message at 1-937-205-4741. For Ohio real estate and homes see Ohio Real Estate.
Search homes for sale in the MLS (Multiple Listing Service) by visiting http://BuySellOH.com
Servicing the following towns and counties in Southwest OH: Beavercreek, Bellbrook, Centerville, Cincinnati, Dayton, Fairborn, Greene County, Huber Heights, Kettering, Miamisburg, Montgomery County, Oakwood, Springboro, Springfield, Warren County, Washington Township, West Carrollton, Wright Patterson Air Force Base (WPAFB), Xenia, and Yellow Springs.