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Home Ownership vs. Renting
  Advantages Disadvantages
Home Ownership
  • Property has the possibility of building equity, therefore increasing your financial portfolio

  • You develop a sense of community, stability, pride in ownership, and security

  • You just received another tax benefit based on the status of your mortgage note

  • You are free to improve the property, remodel, or landscape (within city/local/state guidelines)

  • You are not dependent on a landlord to complete projects or repairs required to the property

  • You are responsible for any repairs or improvements to the property

  • You are responsible for any/all taxes and/or mortgage payments due on the property

  • You have less 'mobility' freedom when you want or need to move

Renting
  • You are responsible for little, or no maintenance required to the property

  • You have more 'mobility' freedom when it is time to move

  • You are not responsible for taxes, or mortgages due on the property

  • You do receive any property tax benefits from your monthly payments

  • You are not acquiring any equity in the property, and therefore are not improving upon your financial portfolio as a result of your monthly rent payments

  • You have no control of the resale of the property

  • You have no control over rent payment increases

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Multiple Listing Service Realtor
Prudential Premier Properties 192 Saver Avenue, Springfield, PA 19064

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