What Are the Benefits of Buying Vs Renting?

The Dwelling Collection August 4, 2019

Buying vs renting is a case-by-case basis for most situations, but there are certainly benefits of both.
 
Here is a helpful tool that can help you budget and decide what is best for you.
 

BUY RENT CALCULATOR

The benefits of buying include:
 
  • Tax Savings

  • Stability – fixed mortgage payments versus possible increase in rent over years

  • Equity

  • Secondary Income – when you own a property, you can use it to rent out space to tenants

 
 
The benefits of renting include:
 
  • Flexibility – there are short term and long term leases that give you the chance to leave and move around more frequently with less headache

  • Little Maintenance – landlords typically pay for upkeep and repairs made in rental units

  • Possible utility coverage – in some instances, landlords will include utilities like heat and hot water in the rental cost


Work With Us

At The Dwelling Collection, our roots run deep and our ambition soars high. Get assistance in determining your current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Let The Dwelling Collection guide you through your home-buying journey.