Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the benefit of owning a home versus renting?

April 26, 2017benefit Home owning renting versus

0

Posted

What is the benefit of owning a home versus renting?

1 Answer

0

Posted

There are many reasons for owning your own home but we believe the most important is the opportunity for you to build equity through ownership. Instead of going to your landlord’s pocket, your monthly payments go towards ownership of your home. In addition, it can be less expensive than rent and the interest on your mortgage payments are tax-deductible.