Real Living Real Answers Real Living Lifestyle Planning Guide | Page 17

RENTING
VERSUS
BUYING *
(CONTINUED)
BENEFITS OF RENTING
By renting, you will be free of home repair costs and homeowners
insurance which is more costly than renters insurance
If the stock market continues to outpace real estate as it has over
the last decade, then renting while investing in the stock market
might also be beneficial
*As taken from the Real
Living. Real Answers. SM
Accordingly, there are times when you should leave the so-called
American Dream and instead, over a short period of time, revel in
guide, When to Rent all the benefits of renting. It would be a pleasure to help you rent,
and When to Buy—A whether you are a homeowner and want to rent or rent before you
Customizable Approach to
someday may own.
Prudent Lifestyle Planning.
BENEFITS OF HOME OWNERSHIP
The opportunity to build equity (wealth).
According to research from the Survey of Consumer Finances,
homeowners developed 36 times the average net worth than renters.
Social stability.
According to the research from the National Association of REALTORS®
and the American Social Workers Journal, homeowners are more likely to
participate within the community.
Homeownership, according to studies, provides a greater sense of
stability and higher self-image.
Homeowners are more enthusiastic about making their home child
safe and ecologically friendly.
Homeowners are more likely to maintain the physical integrity of
their home than renters.
Homeowners may benefit from lower crime rates.*
*Source: 2012 Social Benefits of Homeownership and Stable Housing, National Association of
REALTORS ® Research Division
Homeowners enjoy preferential tax treatment.
Step 2 / Review Your Lifestyle Options
17