Persuasive Essay

Is It Better To Rent Or Buy a home?

Renting, or buying a home depends upon financial standings, and goals, renting is be cheaper and can be more convenient than buying a home sometimes.

According to an article provided by www.associatedcontent.com other advantages to owning a home is that “it can be cheaper than renting a home You can save monthly by hundreds of dollars. Also, if you are able to get a fixed-rate mortgage, then the payment will stay consistent monthly throughout the lifetime of the loan. “ Also, “the many tax cuts that can be given to home owners. Over the years, A home owner can deduct the years interest paid,and the property tax that has been paid.” This advantage has been considered “One of the best perks of having your own home.”However, a downside to this tax break as well “Although you can deduct your interest and property tax off your taxes, you still must pay it all by the end of the year. Every year you own your home you have to pay property tax, and that won't go away”. (http://www.associatedcontent.com/article/619525/5_advantages_disadvantages_to_owning.html)

Some advantages to owning a home. According to Dr. Bender (2006) buying a home means garnering equity, if the owner keeps the house long enough to overcome the initial cost of its purchase that is. In addition, when someone owns a home they feel a sense of accomplishment because not only have accomplished a life goal but have the freedom to express someone’s personal taste as they see fit without having to worry about the landlord telling them they have to change it back to the way it was. However, being able to desing your home to your own desire is not always an accurate statement. If you own a home in a housing development chances are there is a home owners association. Jpome owners associations usually have rules and guidelines that state your property as well as your house has to look a certain way to match the theme of the rest of the development. In most...