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| Want to know how
much money you are losing by renting?
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| Read what some of
our clients have to say about our
services and how we've helped them
achieve their dream.
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Renting vs. Buying |
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While renting, you are continually throwing
your money away. You are giving your money
to the homeowner/landlord and THEY are
getting the financial benefits that YOU
could be receiving!
Consider the
following:
Owning a home brings you lots of enjoyment -
having something you can "call your own" -
something you can decorate to your hearts
desire - change when you want to - and put
nails in the walls when you please.
Owning your own property usually means
additional privacy - a sense of control over
your own life - and a feeling of stability -
of "putting down roots". Feelings that you
just don't get as a renter.
And then of course there are the cost
differences. When you own a home or condo of
your own - it may cost a little more in the
beginning, but your monthly payment is often
less than you are currently paying for RENT.
Owning as opposed to renting can actually
INCREASE your monthly 'take home pay'
without getting a raise from your boss. When
you own a home, you can change your
withholding to reflect the additional tax
deductions you will have as an owner.
As an Owner, part of your monthly payment
will go towards mortgage interest and taxes
(these are deductible items.) This means
that, as a homeowner, you can receive more
money in every paycheck.
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It's your money. Keep it. |
| If your rent is |
and you've been
renting for |
you've lost |
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$500 per month |
1 year |
$6,000 |
| 2 years |
$12,000 |
| 3 years |
$18,000 |
| 4 years |
$24,000 |
| If your rent is |
and you've been
renting for |
you've lost |
|
$600 per month |
1 year |
$7,200 |
| 2 years |
$14,400 |
| 3 years |
$21,600 |
| 4 years |
$28,800 |
| If your rent is |
and you've been
renting for |
you've lost |
|
$700 per month |
1 year |
$8,400 |
| 2 years |
$18,800 |
| 3 years |
$25,200 |
| 4 years |
$33,600 |
| If your rent is |
and you've been
renting for |
you've lost |
|
$800 per month |
1 year |
$9,600 |
| 2 years |
$19,200 |
| 3 years |
$28,800 |
| 4 years |
$38,400 |
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