Deciding whether to rent or buy depends on several factors, but if you buy, you’ll receive a few very important benefits.
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Does it makes more sense for you to rent or buy a home? That depends on several different factors. First, can you afford to buy? Have you figured out what the property taxes will cost? Or the maintenance fees and carry costs? If you can afford these costs, you have the option to buy. If you do buy, there are some major benefits that you won’t get with renting.
First, you can increase your credit by buying and holding a mortgage for a period of time. The other benefit you gain is equity. Instead of paying your landlord’s mortgage, you can pay your own.
"Instead of paying your landlord’s mortgage, you can pay your own."
Then when you sell your house, you get to keep the difference between what it was worth when you bought it and what you sell it for and use that sum to invest in your next property.
If you have any questions don’t hesitate to reach out and give me a call or send me an email. I would love to hear from you.