Buy vs. Rent Comparisons

Advantages Considerations

Buy
Property builds equity
Responsible for maintenance
Sense of community, stability, and security
Responsible for property taxes
Free to change decor and landscaping
Possibility of foreclosure and loss of equity
Not dependent on landlord to maintain property
Less mobility than renting

Rent
Little or no responsibility for maintenance
No tax benefits
Easier to move
No equity is built up
No control over rent increases
Possibility of eviction

Here are two sites to use to calculate rent vs buying

http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?section=YPTH


http://www.vlender.com/cgi-bin/calc/rent_vs_buy.cgi

One of our agents would love to work with you in connection with purchasing your home. Please give us a call.