Why should I Buy a home than Rent one?

Owning a home can give emotional satisfaction as well as can make financial sense for some. Many reasons that one purchases a home rather than renting include:

• No Landlord: You own it so no one to call for permissions, repairs etc.
• Tax Deduction: You can  deduct mortgage interest, property taxes and some other costs associated with buying a home. Restrictions apply so always check with your accountant.
• Interest rates are historically low, so now is the best time to purchase and keep the cost as low as possible. 1% increase on rate of $100,000 could easily increase a payment over $100 per month.
• When renting you are paying for someone’s else property. When you own your own home, you are paying towards your mortgage, and hence possibly building some equity.
• You can decorate, renovate, get a pet, rent a room, paint inside as you as like, etc. It is your own home, so you get a freedom of choice.
• If you do any improvements to the property, you are spending money on your own property.

Real estate market is a local market so the growth or decline in any area varies. For info on Tampa Bay Real estate market, you can reach me.

Relocating to the Tampa Bay Area or just looking for a spectacular home? You have found YOUR match! Let me assist you in making this process go smoothly! Contact me today for more details!

Search the ENTIRE MLS for your new home, Click here.