What Are the Benefits of Buying a Home Instead of Renting?
You never have to worry that your landlord will raise your rent
With a fixed rate mortgage your monthly principal and interest mortgage payment will remain the same for the life of your loan. You are never left wondering if your landlord will increase your rent at the end of your lease.
You don’t have to move every few years
You never have to worry about having to move because your landlord has decided that it’s time to sell or that he or she doesn’t want to continue your lease. You can stay in your home forever if that is what you want to do. How nice would it be to never have to move again?
You can do anything you want with your home
If you decide you want to paint your bedroom or living room you can do it. You can rip out the carpet and install wood floors or do anything else to your home without needing approval from a landlord.
You have tax benefits
As a homeowner you are able to deduct property taxes and mortgage interest that you paid each year when you file your annual tax returns. Often owning a home is cheaper than renting anyway but when you factor in the tax benefits you are saving even more.
Reach out to me for preapproval now so you can be in your new home next month.
Brooke Sheehan
Loan Officer
(203) 217-2815
NMLS# 2067187
