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Rent vs Buy in Carrollton : Real Estate Advice

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Activity 1
Sat Oct 22, 2016
Susie Kay answered:
It's all up to you. Owning a home has it's own pluses and minuses, and so does renting a home. If you own a home, you get tax deduction and you build equity. When renting a home, you are paying your landlord's mortgage and you don't build any equity. However, having said that, if you own your home you are responsible for any repairs on the home. If you are renting a home, it's possible that you are responsible for the repair or it could also be the landlord's responsibility.

The bottom line is, which do you prefer? Some people do not want the hassle of taking care of a home so they rent (eventhough that doesn't necessarily mean that the landlord will repair all your repair request) but some want to have their own home so they can build equity and take advantage of the tax benefit.

I'd be happy to assist you in your home search if you are not currently working with a realtor. You can reach me through my profile.

Susie Kay
Ultima Real Estate
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