• Greater Binghamton Office
    (607) 757 2100
  • Penn Yan Office
    (315) 536 7456

rent vs buy

Home Owning Intensive: Why to Buy

Are you thinking of buying a home? Do you sometimes find yourself adrift at sea oscillating between that dream and keeping your roommate forever because just maybe renting is ultimately easier than buying? Think again. What are the benefits of buying a home, you ask? Immediate membership perks include:

    • Pride of ownership
    • Privacy
    • Stability
    • Mortgage deduction on taxes
    • An opportunity to build wealth and equity

If any of this sounds enticing, you’re in the right place. The “rent vs. buy” debate most twenty and thirtysomethings have during their Bloody Mary-infused brunches is inevitable. If you haven’t been there, the day is fast approaching. So, in between nibbling on some pickled olives and dreading the return to your roommate-infested apartment, consider the following perks of packing up and moving into a place that’s yours and yours alone.

Buying a home is an opportunity to build equity.

Owning Homes Saves Taxpayers Billions!

Take a quick look at this infographic to see how much money homeowners have saved through real estate deductions. Spoiler alert: They kept in their pockets roughly $100 billion in 2012 alone!