SALES * RENTALS * HOMEWATCH
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Southwest Florida Home Buyer Tips-Advantages of Buying vs Renting
With every rent check you write, you’re helping to build equity
in your landlord’s property. That money could be going toward
building equity in a home of your own. Today’s rates are low
enough that your house payment could be lower than your rent
payment!
There are many advantages to owning a home, including:
- Security – A feeling of security that comes from owning a
home and the knowledge that your home is a safeguard
against inflation.
- Investment – Payments on your mortgage loan mean you
are acquiring a major possession; instead of rent, you own
more and more equity. The garden you plant, the
permanent improvements you make – they all enhance
your way of living as well as the value of your home.
- Tax Advantage – Your real estate taxes and the interest on
your mortgage are deductible from your income tax.
- Financial Independence – Most people start on the road to
financial independence through home ownership. Your
principal and interest payments remain the same for the
full term of your mortgage, when you opt to a fixed rate,
while your rent usually goes up as the cost of living
increases.
- Environment – Your children grow up in the neighborhood
of your choice.
- Cash Equity – Better than a savings account, your home
can appreciate to keep pace with inflation.
- Satisfaction – Home ownership offers special advantages
that make life more enjoyable – backyard barbecues, large
family gatherings during holidays, a home workshop, a
chance to enjoy your family’s companionship in the
privacy of your own home.
How much home can you afford?
Our handy mortgage calculators can offer you valuable
assistance in determining how much real estate you can afford
and how much you can borrow.
For additional information call at Emily Cox Antonas at 239-
465-9596 or email Emily@NaplesNative.net