Renting vs. Buying

Piggy Bank Awaits the Spring

Lately, I felt like my piggy bank was feeling a little empty inside (ha, ha).
I personally have been renting for a couple of years and buying a house wasn’t something I thought could save me money. Even though I work in real estate, I thought of it as being out of reach for me. Renting vs. buying? What kind of benefits could I possibly gain from buying? It sounds expensive and scary!

While it is a big decision, it’s something that should be considered. I finally asked myself, “Where does all that rent money go?” and the truth is, it doesn’t matter. It’s out of my hands forever. You may be surprised that in the fight of renting vs. buying, buying comes out on top. Weigh your options.

When you get a mortgage, yes, you are in debt. The trick is that as you pay it off, that payment also goes toward your ownership of something; your home. Buying a home instead of renting is an investment. An investment in your future and an investment for your lonely piggy bank.

More resources on mortgages and renting vs. buying are available to you! Contact a loan officer for exact interest rates and to see how buying vs. renting will benefit you!

Anya
The Allen Group

Comments

  1. For me, it’s a question of control and security, not money.
    when i’m renting, landlords decide how long I am allowed to live in a place, how long I have to wait to get the tap fixed, and what sort of flooring I’ll have.
    I want to be able to have a garden, paint the walls, upgrade bit by bit without worrying where I’m goign to live next year.

    • Another obvious benefit of owning! I absolutely agree with you. When you rent, it may feel as though your landlord is in control of a large portion of your life: where you live. I personally am buying a house in the next few months because having the responsibility of home ownership in my hands is something I look forward to. Repairs, updates, and decor for better or worse 🙂

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