Should You Rent or Buy a Point Breeze Home for Sale in Pittsburgh?

Should You Rent or Buy a Point Breeze Home for Sale in Pittsburgh?

The question of buying versus renting has become a topic of debate for the past years. Some say renting is better while others say buying is more financially rewarding in the end. So let’s try to answer their question: Is buying Point Breeze homes for sale in Pittsburgh better than renting?

Why you should rent:

You’re uncertain about your career. You don’t know where you will be in the next five years and you’re not so sure about the job you currently have now. Renting makes it easier for you to switch careers down the road.

You’re uncertain about your income. If you don’t have a steady income, you won’t be able to pay for your mortgage.

You don’t want to worry about maintenance. Some houses for rent in Point Breeze Pittsburgh include a small maintenance fee on top of your monthly rent. This fee allows you to be able to contact your landlord and let him handle that maintenance problem for you.

Why you should buy:

You build equity. When you pay your monthly rent, you are helping to add equity to your landlord’s account by paying his mortgage. But if you own your home, you pay your own mortgage and increase your equity. When you reach a 20%:80% loan to value ratio, you will be able to borrow the equity from your home and use it to finance other important expenses such as your child’s education or building a business.

You enjoy even more tax deductions. Apart from mortgage interest, you can also deduct property taxes from your expenses. People who rent do not enjoy these extra savings in their accounts.

You choose how to approach maintenance. Just because you don’t like the physical labor of home maintenance doesn’t mean you have to like it when you finally have your own home. Luxury Realtors® in Point Breeze Pittsburgh PA can provide you a list of trusted contractors who can help you out, in case you need a helping hand with routine maintenance work.

So is it better to buy or rent a home? The right answer depends on the person being asked. Renting or buying doesn’t depend on which part of the country you live in - it depends on you and your family’s needs. If you want to learn more about buying or renting homes in Point Breeze Pittsburgh PA, visit http://www.SoldByConnie.net.

Call me, Connie Wolff at (724) 779-1427 for all your real estate needs. As a trusted luxury REALTOR® in Point Breeze Pittsburgh PA, I provide all my clients expert solutions, one yard at a time.