Buy vs. Rent

With every rent check you write, you're helping to build equity in your landlord's property. That money could be going toward building equity in a home of your own. Today's rates are low enough that your house payment could be lower than your rent payment! Buying also gives the homeowner a great tax write off, with all interest payments being deducted from your gross income at the end of the year. This could be the difference between paying Uncle Sam, or getting a nice check from Uncle Sam in April. There are several other additional tax benefits to owning your home, to learn the benefits. In addition, depending on the area you choose to live, average return on investment in a 5 year period could be as little as 0% to as much as 35% in just 5 years! Learn more about the return on investment figures for Cincinnati and Northern Kentucky.

Advantages to Owning a Home

Security - A feeling of security that comes from owning a home and the knowledge that your home is a safeguard against inflation.

Investment - Payments on your mortgage loan mean you are acquiring a major possession; instead of rent, you own more and more. The garden you plant, the permanent improvements you make - all enhance your way of living as well as the value of your home.

Tax Advantage - Your real estate taxes and the interest on your mortgage are deductible from your income tax.

Financial Independence - Most people start on the road to financial independence through home ownership. Your principal and interest payments remain the same for the full term of your mortgage while your rent usually goes up as the cost of living increases.

Environment - Your children grow up in the neighborhood of your choice.

Cash Equity - Better than a savings account, your home can appreciate to keep pace with inflation.

Satisfaction - Home ownership offers special advantages that make life more enjoyable - backyard barbecues, large family gatherings during holidays, a home workshop, a chance to enjoy your family's companionship in the privacy of your own home