Rent vs Buy

Home ownership Emotional & Financial Benefits

The intense emotion associated with buying a home is still one of life's greatest enjoyments. The personal satisfaction of homes ownership helps us feel secure, build a future, raise a family and nurture neighborhood friendships.

There are also strong financial reasons to buy a home.

• A home generally builds equity over time through the combination of mortgage payments and appreciation.
• A portion of your mortgage interest and real estate taxes are tax-deductible.
• You may leverage your money — even though your down payment may be 20% of the home's purchase price, you receive the full value of any appreciation.
• In many markets the cost of ownership can be less than renting.
• You may strengthen your credit with your ongoing and timely mortgage payments.
• You may pass on your home to your children.

And, as a homeowner, you are free to renovate, remodel, repair and repaint your property – you're never dependent on a landlord to get the job done right.

Of course, the decision to buy a home vs. renting one depends on many personal factors including your financial health, job security, job mobility and more.

With the Charlotte and Cabarrus housing market recovering, confidence in homeownership is improving. Pair yourself with residential real estate 5 star realtors and neighborhood experts Chris Carter and Renda Powell. We have seen many of our clients trending away from renting and toward homeownership. Carter Group Realtors is the best place for your local home buying and home selling needs.