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