The short answer? MONEY. Homeowners get tax breaks that renters don't get and, in most markets, homes appreciate in value so they're worth more year over year. Appreciation is free money. Additionally, the equity you build in your home can work for you like a savings account. You can tap into equity for things like your kids college or for a reverse mortgage to provide additional income in your senior years. But the best part of owning a home is freedom - you don't have to ask permission to do a lot of the things that landlords restrict like getting a pet, hanging artwork or painting walls a different color. AND – rent payments never end. A mortgage will. . #HomeBuyerFAQs #TaxBreaks #RealEstateAdvice #RentingVsBuying
