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The
Benefits of
Buying vs
Renting www.traceyrancifer.org
Fixed Mortgage
When you are renting, you are really at the mercy
of the landlord when it comes to what you pay
each month. While they do need to notify you of
rent increases, the increase is most likely brought
on by the average rent in the area going up. So if
you do look to move out, you may not find
anything better in your search. When you own a
home, you are on a fixed mortgage, and you know
what you will be paying from now until that
mortgage is paid off.
www.traceyrancifer.org
fullertonbotanic.com
Tax Breaks
As a homeowner, you are entitled to certain tax deductions at
the end of the year. When you are renting, you never see any
of your rent come back to you during tax season. For a list of
what you can and cannot claim on your taxes, visit my most
recent blog post at www.traceyrancifer.org.
www.traceyrancifer.org
Make it YOUR
Home
One of the biggest perks I found in home
ownership was the ability to customize my
home the way I wanted it. From the colors on
the wall to what is on the floor and everything
in between can be dictated by you. If you want
to knock out a wall to turn two rooms into one
room, you have the freedom to do that when
you own your home. 
www.traceyrancifer.org
Build Equity
The longer you own your home, the
more equity you will have. When you
get to 20% equity you are eligible for a
refinance or a home equity loan. As a
renter, the money you are paying in
rent each month goes to your landlord
and you never see it again. 
www.traceyrancifer.org
Secondary
Income
As a homeowner, you can now be the one
who charges rent if you feel so inclined.
Renting out a spare bedroom, or renting out
an entire house in the case of an unforeseen
location change is a great way to (usually)
bring in some extra money each month.
www.traceyrancifer.org
THANK
YOU!
www.traceyrancifer.org

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The Benefits of Buying vs Renting

  • 1. The Benefits of Buying vs Renting www.traceyrancifer.org
  • 2. Fixed Mortgage When you are renting, you are really at the mercy of the landlord when it comes to what you pay each month. While they do need to notify you of rent increases, the increase is most likely brought on by the average rent in the area going up. So if you do look to move out, you may not find anything better in your search. When you own a home, you are on a fixed mortgage, and you know what you will be paying from now until that mortgage is paid off. www.traceyrancifer.org
  • 3. fullertonbotanic.com Tax Breaks As a homeowner, you are entitled to certain tax deductions at the end of the year. When you are renting, you never see any of your rent come back to you during tax season. For a list of what you can and cannot claim on your taxes, visit my most recent blog post at www.traceyrancifer.org. www.traceyrancifer.org
  • 4. Make it YOUR Home One of the biggest perks I found in home ownership was the ability to customize my home the way I wanted it. From the colors on the wall to what is on the floor and everything in between can be dictated by you. If you want to knock out a wall to turn two rooms into one room, you have the freedom to do that when you own your home.  www.traceyrancifer.org
  • 5. Build Equity The longer you own your home, the more equity you will have. When you get to 20% equity you are eligible for a refinance or a home equity loan. As a renter, the money you are paying in rent each month goes to your landlord and you never see it again.  www.traceyrancifer.org
  • 6. Secondary Income As a homeowner, you can now be the one who charges rent if you feel so inclined. Renting out a spare bedroom, or renting out an entire house in the case of an unforeseen location change is a great way to (usually) bring in some extra money each month. www.traceyrancifer.org