Buying a home rather than renting. Owning a home is the American Dream. It can be attained by most and it is the largest, most stable investment one can make. With home prices going down now, is now a good time to buy? If there’s any risk that it may go down in value, why, really should anyone buy a home instead of renting? When you rent, your money goes to the owner. A home is about freedom, stability, security and pride in ownership. It is a place to raise your family and an investment in your future and the community. Take into account when buying a home verses renting: - Your building equity - A chance to appreciate - Preferential credit options. - Beneficial tax breaks - Personal control - Pride of Ownership Finally, home ownership has plenty of non-financial benefits, too. When you own a home, it’s yours; you can do what you want with it in terms of decorating, gardening or renovating. Remember, you not only own the house, but the land it sits on. There are few things as empowering as knowing that there’s a piece of the world out there that belongs to you, a place you can truly call home.
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