Why is it Better Owning a Home than Renting

There are situations where it's advisable for a person to rent, but most often home ownership has many more benefits and advantages than renting.

Stable Housing Costs

Rent payments can be unpredictable and are typically increased every year, but most mortgage payments remain unchanged for the entire loan period. Equally if taxes or HOA payments go up, the increase is usually gradual. This stable housing cost especially notable in times of inflation, when renters tend to lose money and owners tend to make money.

Tax Savings

Homeonwers can be eligible for signifigant tax savings because you can deduct mortgage interest and property taxes from your federal income tax, as well as many states' income taxes. This can be a considerable amount of money at first, because the first few years of mortgage payments is made up mostly of interest and taxes.

Equity

Instead of payments making their way into someone elses pocket, home owners are building equity in their own home.  It is like having a schelduled savings account that grows faster the longer you have it. This is often one of a person's biggest investment assests.

If the property appreciates, and generally it does, your home equity grows. And you are the one who gets to take advanatge of that, not the landlord. You can then use this equity to plan for future goals like your child's education or your retirement.

It is Yours!

When you own a home you are in control. You the freedom to decorate it and landscape it any way you wish. You can have a pet or two. No one can pop in and inspect your home and threaten to evict you.

When considering home ownership, you need to weight the advantages and disadvantages for yourself. If you are like most people, you will find that homeownership is worth the risks and disadvantages.

See in the infograph below with some interesting and impresive stats of homeowners.

Is still the Dream

633 Properties Found. Showing 1-12
Sort By:
7723 N Indian Ridge Trail
Kissimmee, FL 34747
7723 N Indian Ridge Trail Kissimmee, FL 34747
1 of 29
$242,300 ( $12,400 )
Subdivision: Indian Ridge Unit 03
BEDS
4
BATHS
2
SQ.FT.
1,889
BUILT
1990
ON SITE
1Day
MLS
O5777494
This ranch home in Kissimmee features 4 bedrooms 2 baths, separate dining, good
sized rooms, tile floors. TLC, refreshing, paint and carpet is needed worth
your efforts. The location provides...
8702 Fort Jefferson Boulevard
Orlando, FL 32822
8702 Fort Jefferson Boulevard Orlando, FL 32822
1 of 16
$239,000 ( $900 )
Subdivision: Stonebridge
BEDS
3
BATHS
2
SQ.FT.
1,187
BUILT
1994
ON SITE
5Days
MLS
O5785238
HURRY IN to see this GREAT, ONE STORY 3bed/2bath home! WONDERFUL home for ENTERTAINING friends and family. BRIGHT, OPEN FLOOR PLAN with VOLUME CEILINGS AND plenty of natural sunlight.. DINING AREA...
13909 Bluebird Pond Road
Windermere, FL 34786
13909 Bluebird Pond Road Windermere, FL 34786
1 of 15
$359,000 ( $11,000 )
Subdivision: Summerport
BEDS
4
BATHS
3
SQ.FT.
2,366
BUILT
2004
ON SITE
5Days
MLS
O5783338
STUNNING POOL HOME IN THE DESIRABLE "SUMMERPORT" COMMUNITY IN WINDERMERE. PARK SQUARE HOME. Very desired neighborhood home is a 4 bedroom and 3 bathroom. There is a 2 car attached garage and plenty...
2287 Crofton Avenue
Davenport, FL 33837
2287 Crofton Avenue Davenport, FL 33837
1 of 38
$415,000 ( $10,000 )
Subdivision: Crofton Spgs/Providence
BEDS
6
BATHS
5
SQ.FT.
2,837
BUILT
2016
ON SITE
6Days
MLS
O5753734
*** Another Price Drop *** Welcome to your new home in a great, award winning golf community. Providence provides miles of walking, not only on the golf course, but also sidewalks. This late-model...
1464 Errol Parkway
Apopka, FL 32712
1464 Errol Parkway Apopka, FL 32712
1 of 50
$387,900 ( $2,000 )
Subdivision: Errol Estate
BEDS
4
BATHS
3
SQ.FT.
2,832
BUILT
1986
ON SITE
6Days
MLS
O5784860
4 bedroom, 2.5 bathroom executive pool home on massive .42 acre corner lot in Errol Estate! Fresh (May 2019) $20k roof installed with all new skylights, main A/C replaced in 2013 with a 2017 Nest...
400 Buchanon Court
Orlando, FL 32809
400 Buchanon Court Orlando, FL 32809
1 of 26
$135,000 ( $23,000 )
Subdivision: Buchannon Ct
BEDS
3
BATHS
2
SQ.FT.
1,056
BUILT
1966
ON SITE
5Days
MLS
O5743763
Huge Price Reduction ! Opportunity to buy all 7 properties on the same street (Buchanon Ct). All properties can be purchased for a total of $945,000. All properties are vacant. 3 of them are already...
403 Buchanon Court
Orlando, FL 32809
403 Buchanon Court Orlando, FL 32809
1 of 16
$135,000 ( $23,000 )
Subdivision: Buchannon Court
BEDS
3
BATHS
2
SQ.FT.
1,116
BUILT
1957
ON SITE
5Days
MLS
O5743774
Huge price reduction ! Opportunity to buy all 7 properties on the same street (Buchanon Ct). All properties can be purchased for a total of $945,000. All properties are vacant. 3 of them are already...
1575 Smoketree Circle
Apopka, FL 32712
1575 Smoketree Circle Apopka, FL 32712
1 of 33
$307,000 ( $17,900 )
Subdivision: Wekiva Park Rep Blk B
BEDS
3
BATHS
2
SQ.FT.
1,756
BUILT
1995
ON SITE
7Days
MLS
O5784441
WEKIVA PARK HOME - Exquisitely renovated in 2019! 3 BEDROOM, 2 BATH with a Den. 4th room can be easily converted to a BR. Dramatic grand foyer. Spacious open design includes a luxurious master...
6508 Piccadilly Lane
Orlando, FL 32835
6508 Piccadilly Lane Orlando, FL 32835
 
$257,000 ( $10,000 )
Subdivision: Tr G Rep
BEDS
3
BATHS
2
SQ.FT.
1,508
BUILT
1990
ON SITE
7Days
MLS
O5784704
Hard to find similar single home in this Metro West Area for this price with a nice back yard 3 big beds 2 baths 2 car garages, Unique Opportunity for this price and very low HOA, LOCATION, LOCATION,...
344 W Hornbeam Drive
Longwood, FL 32779
344 W Hornbeam Drive Longwood, FL 32779
1 of 22
$399,900 ( $10,000 )
Subdivision: Sabal Point
BEDS
4
BATHS
4
SQ.FT.
2,768
BUILT
1977
ON SITE
8Days
MLS
O5784270
Sabal Point - Outstanding 4 Bedrooms/3.5 Baths Pool home! Updated Light and Bright Spacious Kitchen with quartz counter tops. Stainless steel appliances. Superb family room with Tray ceiling and...
1101 E Columbia Avenue
Kissimmee, FL 34744
1101 E Columbia Avenue Kissimmee, FL 34744
1 of 29
$170,000 ( $10,000 )
Subdivision: M Yinglings Cswy Doops
BEDS
2
BATHS
2
SQ.FT.
1,026
BUILT
1976
ON SITE
8Days
MLS
O5783993
Cozy home situated Corner lot with 2 spacious bedrooms and 2 full baths with a bight and open floor plan, ideal for entertaining. Offering a Split bedroom floor plan with two master suites complete...
2213 Grand Cayman Court #1135
Kissimmee, FL 34741
2213 Grand Cayman Court #1135 Kissimmee, FL 34741
1 of 28
$129,900 ( $5,000 )
Subdivision: Villas Del Sol At Kiss Condo
BEDS
2
BATHS
2
SQ.FT.
1,026
BUILT
1999
ON SITE
8Days
MLS
S5010938
Great opportunity to own a 2 bedroom 2 bath condo in Florida.Updates just completed..paint, carpet ,new counter tops in kitchen and bath, fixtures, fans and smoke alarms. Use as long term or short...

Post a Comment