fbpx

Compare Listings

why does buying makes more sense than renting

why does buying makes more sense than renting

Today we are talking about renting vs. buying, a fun topic that I enjoy talking about. Our rental market is getting incredibly hot right now. As a landlord renting my house out, I’ve seen prices going through the roof and I can’t believe how high they are getting. For example, a house that rented at $1200 a month last year is renting for $1500 a month this year.

If you can buy a house, you should. You get many tax benefits, including your interest and mortgage insurance being tax deductible. In a rental situation, you will spend equal to or more than your mortgage payments, and you don’t get any of those tax benefits and aren’t able to do home improvements.

The clear answer is if you have the capability, you definitely want to buy. It provides huge financial benefits and incentives, and it doesn’t make sense not to if you are able to.

If you have any questions for us, feel free to give us a call on 03 5292 8080 or send us an email hello@redstarrealestate.com.au. We look forward to hearing from you soon!

img

kevin

Kevin co-founded Sunnyville Property Management and is a successful Real Estate Sales Consultant in Outer Suburbs of Geelong with a focus on Lara. He shares his ideas and answers to commonly pondered real estate myths at redstarrealestate.com.au. Kevin is a father, idea generator, tech-savvy, golfer licensed real estate agent and motorcycle rider.

Related posts

4 quick home buying tips

Determine your budget: Before you even start looking, you need to know how much you can...

Continue reading
by kevin

making your offer more attractive

If you are looking to buy, there are a few things you should do if you want to give yourself a shot...

Continue reading
by kevin

how important is the age of the home when buying?

Today, we’ll talk about the importance of the age of your home when buying. You may not want an...

Continue reading
by kevin