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Rent vs. Buy and all the Reasons Why!

Thinking of buying a home? Here are some benefits homeownership has over renting.

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Rent vs. Buy and all the Reasons Why!

  1. 1. RENT VS. BUY A N D ALL THE RE A S O N S W H Y !
  2. 2. While homeowners do pay property taxes, these are tax deductible when filing your yearly tax return. Homeowners also are allowed to count mortgage interest as a tax deduction! Tax Benefits
  3. 3. Depending on the market and how well you take care of your home, its value will likely increase over time. This means if you invest in a home with good bones in a good area of town, there’s a good chance your investment will pay you back + extra! Appreciation
  4. 4. Privacy APARTMENT WITH A NOISY NEIGHBOR?? NOT WHEN YOU OWN YOUR OWN HOME!
  5. 5. Freedom to renovate As a homeowner, you have the freedom to make renovations without having to ask for permission from a landlord.
  6. 6. Equity, an important financial tool and one of the greatest benefits of homeownership, is the difference between what you owe on your mortgage and what your home is currently worth. Your equity will increase as you pay down your loan and also increases when the value of your home rises. You can tap into your home’s equity to pay for a major renovation, pay for your child’s college tuition or eliminate debt! Equity
  7. 7. 88% Of homebuyers believed buying a home was “the best decision they ever made" 93% Of homebuyers said that "their lives have been happier because of homeownership”.
  8. 8. Mailing Address 115 Flanders Road, Suite 120 Westborough, MA 01581 Email Address corporate.hq@rossmortgageco.com Phone Number (508) 986-6100 www.rossmortgagageco.com Ross Mortgage Company, Inc. NMLS #2084.  Equal Housing Lender.  Licensed in the following states:  MA: Mortgage Lender License #MC2084; NH:  Licensed by the NH Banking Department as Ross Mortgage Company, #8882-MB; ME: Supervised Lender License #2084; RI: Licensed Lender #20051871LL; CT: Mortgage Lender License #18804; FL: Mortgage Lender License #MLD1418

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