- Build Equity: equity is the difference between what you owe and your home’s value. The more equity you build over the years, the more profit you’ll receive when you sell your home.
- Stop throwing away your money! When you rent, you’re building your landlords equity each month that you pay your rent bill and when you move you don’t get a dime of this money.
- Have control over how you decorate. When you rent, the landlord ultimately decides what you’re able to do inside the property. You don’t have the freedom to design the property to fit your personality.
- Stable payments: landlords determine how much you pay each month when you rent. Therefore, they can increase the rent at their leisure. Owning is the true definition of stability.
- Mortgage prices are super low right now and they will not last forever. As a result, you’ll get more house for your money.
In the next article I will reveal more tips regarding why rent when you can own.
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