PROS AND CONS OF BUYING VERSUS SELLING

BUYING

ADVANTAGES:

  • Tangible asset at the end of loan tenure
  • Can model/ decorate based on style and taste
  • Tax benefit to owner
  • You can use your home for investments
  • You can settle in a Community
  • You can build Equity
  • Your housing payment is stable compared to Rent payments
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DISADVANTAGES

  • You have to pay for your own maintenance
  • You must pay Property tax
  • Your Home may lose its value
  • Buying a home requires cash Investment

RENTING

 

  • Easier to move
  • You can avoid owning a Depreciating Asset
  • No Maintenance Required
  • Minimal up-front cost commitment
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  • No Tax Benefits
  • Cannot personalize based on your taste
  • Doesn’t create real assets
  • Montly Rent can increase
  • Cannot build equity