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What are the benefits of home ownership instead of renting?

  1. Tom Vogler profile image82
    Tom Voglerposted 4 years ago

    What are the benefits of home ownership instead of renting?

  2. profile image0
    sheilamyersposted 4 years ago

    I think the main advantages are you can't be evicted for petty reasons and if you decide to move later you might be able to make a profit on your investment.

  3. duffsmom profile image59
    duffsmomposted 4 years ago

    You are putting your money into something that is yours and will appreciate in value.  If you rent that money goes to someone else and you have nothing to show for it.

    And of course you can deduct the interest paid on a mortgage of your primary residence from your taxes and that is huge.

  4. liesl5858 profile image89
    liesl5858posted 4 years ago

    There are a lot of benefits of owning your home, for example when you are renting it is like flushing your money down the drain, while if you own your home you can save money for your future. Also if you own your home, you do your own maintenance which saves money, while if you are renting a home or a flat, you will pay a lot of money for maintaining the whole building and it cost a lot of money. It takes a lot of time and money but its worth it in the end.

  5. TravisAlllen profile image56
    TravisAlllenposted 4 years ago

    Home ownership can be a lot a better. At least, you can continuously do home improvements or renovations. That will be a lot of fun! You can also enjoy your own pool. Travertine pool copings for remodeling should be great for your pool. http://www.travertine-pavers-direct.com … oduct.html