Blog

Buying vs. Renting Part 5: The Pros & Cons

Buying vs. Renting Part 5: The Pros & Cons

January 17th, 2018

The debate on buying vs. renting  continues to take place, and will for quite some time, and the fact is - you can find pros and cons to either side. What's most important is that you make your choice according to your personal short and long-term goals, as along with what is best for your financial plans.

The chart below examines the benefits and drawbacks of both buying and renting to assist you to make the most knowledgeable choice.

ProsCons

Assess Your Circumstances

When you have considered  all the pros and cons, you might also want to do a cost-analysis to determine if buying or renting is more reasonable for you personally. Because this is affected by numerous factors, such as mortgage rates, home price vs. rent prices, and how much time you intend to reside there, consider using Jet Direct's Buy vs Rent Calculator to aid in evaluating the info. 

By doing your research and analyzing your options,you'll be able to make the ideal choice according to your needs.

 

 

Peter PescatorePeter Pescatore
Chief Operating Officer
NMLS #93685
Office: 631-574-1306 x-622
Cell: 631-848-7585
Fax 631-731-4531
Peter@jetdirectmortgage.com
 
Jet Direct Mortgage is not a  tax expert or financial advisor. It is important to consult a tax professional and/or a financial advisor regarding the deductibility of interest and charges and to devise a strategy that works best for your situation.