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Benefits Of Owning A New Home Versus Renting

Tax benefits of ownership can easily be demonstrated for such items as interest and tax deductions
Control of occupancy is assured since you are your "own landlord." No one can tell you when you have to sell or move.
Equity accumulation is a major factor in home ownership, it is like "forced savings"
Appreciation in value is a real estate norm. Owners enjoy such increasing values.
You choose the colors and features that you want.
You reap the benefits from additions, improvements, etc.
It's YOURS! A sense of pride in ownership for you and your family.

You cannot deduct rent payments from income tax
Tenants are always subject to the landlord’s lease and this usually means higher rent payments each year
There is no "equity accumulation" in renting, you are essentially throwing your money away each month
Only landlords benefit from appreciation in values − not the tenants
You live around someone else's colors and choices
Landlord benefits from your work and costly improvements.
Fact of losing money each month and not investing in your future.

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