Renee Davis: Indy Real Estate Agent

Why Home Buying Is Better Than Home Renting

Why Home Buying Is Better Than Home Renting

First and foremost, if you are fortunate enough to be able to buy a home in today’s market, there are a lot of reasons why purchasing one is far better than renting. There are certain situations where renting a residence can make financial sense, such as you buying a home, renting it out and using that rent money to pay for the mortgage, Or where you are perhaps in a situation where the rent you are paying is low enough that you can save for a really good down payment, which can truly save you a lot of money in the long run as well.

There are not many guarantees you can have in life, but one large advantage of buying a home is that in most cases it gives you a pretty good safety net. You are not at the mercy of someone else as to how long you can live where you are.  Obviously another huge benefit is that the money you pay every month goes towards your mortgage, instead of your money paying off someone else’s home.

This investment is probably the largest you will make and if you are able to buy a home in a good neighborhood where there is good growth potential, you will have an opportunity to realize an excellent return on your money. Also you can flip your original principal, plus any extra money you have earned on the sale, and buy something with a higher monetary value, where again you will have a chance of making money when the property value increases.

Owning your own home gives you great leverage if you happen to need money in a financial crisis, as most institutions will recognize a homeowner as a very low risk customer when it comes to their lending criteria.

Another big, huge reason why buying a home is so much better than paying rent is the pride you will have when you walk into the door of your own home every day after a hard day’s work.

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About Renee Davis

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Renee Davis

Realtor/Associate Broker

renee@themodglingroup.com

317-593-2068317-593-2068 main

The Modglin Group

432 South Emerson Ave, Suite 120, Greenwood, IN 46143

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