Village Life

Renting vs. Buying

July 7, 2021
The question of renting or buying can be a complicated one. It depends on a number of factors, and there's no blanket answer to which one is better for you. Your financial situation, personal preferences, area you live, and more all play a part. Let's look at the pros and cons of both.


Renting Pros and Cons


Pros
  • Easier to move around
  • Most maintenance is covered by the landlord
  • No expensive closing costs
  • You can try out different types of living space
Cons
  • You're building any equity
  • Less options to customize your living space
  • Rental prices increases
  • Limited feeling of home stability

Buying Pros and Cons


Pros
  • Build equity over time
  • Home value can increase over time
  • Tax benefits
  • Can customize your home however you want
Cons
  • Expensive closing costs
  • Responsible for all maintenance and repairs
  • More difficult to move
  • Home value could decrease
If you'd like to talk more about your personal situation, reach out to one of our agents today! They can walk you through all the options and give you an honest analysis of which is better for you.

Want a chance to win a Tesla?

Refer an Agent
News From Our Blog

Related Posts

Village LifeRenting vs. Buying

Renting vs. Buying

The question of renting or buying can be a complicated one. It depends on a number of factors, and there's no blanket answer to which one is better for you. Your financial situation, personal preferences, area you live, and more all play a part. Let's look at the pros and cons of both.

Village LifeFourth of July in Atlanta

Fourth of July in Atlanta

Last year a lot of 4th of July celebrations were cancelled or postponed. That means we need to make up for lost time this year! Luckily the Atlanta area has no shortage of ways to celebrate the birth of our nation.

Village LifeHow long are homes staying on the market?

How long are homes staying on the market?

If you're going to help your clients buy and sell homes, you have to understand how fast the market is moving right now.

View all the latest blog posts