Should I Buy or Rent a Home ?

One point to consider is that you will be making a house payment, whether you are buying or renting. You are either paying your own mortgage payment or you are paying your landlords payment. Though it depends upon your own individual financial and personal living requirements, buying a home has many advantages over renting.

BUILDING VALUE AND CREATING WEALTH: By making payments on your home, you build equity(the difference between property value and mortgage loan payoff amount) and your net worth should gain. Your home should gain in value by appreciation (due to inflation, rising building costs, etc).  This plan of gaining equity and property appreciation is a WIN/WIN situation that has been proven time and again.

TAX BREAKS: The U.S. Tax Code allows home owners tax deductions for the interest paid on your mortgage. It also allows tax deductions for paid property taxes, as well as some of the costs involved in buying your home.

STABILITY: Your payments will remain the same every month(for principal and interest payments)with a fixed rate mortgage. Your monthly rent payments could rise due to a change of landlords, rise in inflation, or a landlords decision to raise rent.  

PRIVACY--FREEDOM--PRIDE OF OWNERSHIP: Your privacy rights increase since your landlord does have certain rights to enter his own property. You will gain the freedom to paint, decorate,to have pets or whatever you wish with owning your own home.  You will be able to enjoy the feeling of "Pride of Ownership" just knowing that you are paying for your own home.

Whether you are ready now, or would like to prepare for the future, please feel free to call or Email me anytime. I am here to help you.

REALTOR  Jerry Stutzman  620-353-9411    or Email  jbsranch@pld.com                                                                 I have Listed and/or Sold Homes for Sale in the Ulysses, Satanta,Sublette, Lakin, Big Bow and Johnson, Kansas Area.