"Should I buy a place for myself or should I rent?" This is the classic question people ask me all the time. Well, let's look at the difference between the two. Renting is an expense and buying is an investment.
When you rent, you give your money to your landlord for the privilege of living in his apartment or house for another month, nothing else. That money is gone for ever.
Buying a home is an investment. Buying the right home can be a great investment. When you own your own home, you can deduct the cost of your mortgage loan interest and the cost of your property taxes from your federal income taxes. Over time, your home can go up in value. Buying a home, especially at today's low prices is the simplest way to build wealth.
The most important aspect is you'll enjoy having a place that's yours. You can personalize it anyway you like and tell your friends just who you are.
If your sick and tired of paying the man another month's rent and want a place you can call your own, Give me, Thomas Reid, a call at 773.572.6512 and together we can find the right home for you right now.
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