Is It Better to Buy or Rent ???
Do you know the difference between buying and renting a home? A big opportunity is what you are missing out if you happened to don’t know the difference between these two.
Its quite true that when you rent a home you have a lot of freedom compared to when you buy yourself a house. You can move around anywhere you want where you think there are best options for you and you wouldn’t be stuck in just one place. The problem with renting is that you only get to stay but when you buy your own home, you really own the home. Yes, you don’t have much freedom as when you rent and buying a house requires more of a commitment. And if you are looking for ways to secure you and your kid’s future, then you should buy your own house.
The benefits you can gain from purchasing a home are plenty that it doesn’t only mean bigger commitment and you’ll be paying more. There is really no reason for you to hesitate if you think you can afford to buy yourself a home. For instance, you can look for Homes for Sale in Philadelphia that suits your budget since there are a lot of reasonable priced properties for sale in Philadelphia today.
The advantages are plenty when you buy your own home. Houses appreciate over a period of time and by acquiring one it increases your asset. Owning a house also gives you a sense of ownership. For tax purposes, it allows you to write off a large percentage of the interest paid on your mortgage. It also gives you the freedom as far as being allowed pets, construction alterations and not having to conform with building restrictions and landlord rules & regulations.
By Michael Angelina
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530 Walnut Street, Suite 260
Philadelphia, PA 19106