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Owning vs. Renting?

Don’t throw your money away

Tax benefit

Fixed housing expenses

Freedom to enjoy your home

                   

Tax benefit

You also have the tax benefit of deducting the interest on your mortgage and property taxes. Usually this is one of many concerns buyers have because interest and taxes are additional to their monthly payment. The key is figuring your taxes and interest into the monthly payment you’re comfortable paying.

However, it is also one of the many reasons people choose to buy when they realize they need that extra deduction. Either way, the government is essentially subsidizing your purchase because you get to write those off every year. Keep in mind, though, that you should always consult with a tax advisor regarding your own situation.

 

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Written By Shan Roberts

Department of Real Estate # 01262388