Buying Vs. Renting Point Breeze Homes for Sale in Pittsburgh

Should you buy or rent a home? This is a question that has continuously haunted every American once they have decided to live on their own. In 2015, the debate is still ongoing and homeowners past and present are still not decided whether it’s better to buy Point Breeze homes for sale in Pittsburgh or rent one.

Why should you rent?

Some people choose to rent a home because they do not have the financial capacity to buy one. Buying a home requires you to put up at least 20% down payment, mortgage fees, and closing costs. Plus,  you need to have a good credit score to get your home loan approved which will go to paying your mortgage, insurance, and other fees. Buying a home is not for you if you do not have a stable income, are in between jobs, and have a bad credit score. Other people choose to rent a home because they don’t need to worry about home maintenance. Whenever they experience a problem in their house for rent in Point Breeze Pittsburgh, all they have to do is call the landlord and he will fix it for them.

Why should you buy?

Buying a home provides people with a true sense of ownership - the freedom to remodel or renovate whatever part of the home they want, the freedom to decorate however they want, and the freedom to choose which maintenance issues to fix or prioritize. Apart from this freedom, homeowners also enjoy equity. When you rent, you will be paying your landlord’s mortgage which increases his equity. But when you buy your own home and pay your own mortgage, you are adding equity to yourself. If you reach a 20%:80% loan to value ratio, you will be able to borrow equity from your home and use that to finance other more important expenses. Aside from equity, homeowners also enjoy added deductions such as mortgage interest and property taxes, just to name a few.

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.