How does purchasing a home compare with renting? The two don’t really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities, but by renting you lose the chance to build equity. Take advantage of tax benefits and protect yourself against rent increases. Also, you may be at the mercy of the landlord for housing.
Read Also: Do You Need A Survey When Buying A Home
Owning a home has many benefits. When you make a mortgage payment, you are building equity and increasing your net worth. Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities like insurance, real estate taxes, and upkeep.
Which can be substantial, but given the freedom, stability, and security of owning your own home, they are worth it. So if you’re thinking about buying a house and want to learn more about the home-buying process, feel free to contact us.
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One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.