Still can't decide? Using the chart below, you can weigh the benefits of owning
versus renting. Good, sensible information will free you from fretting about
your big decision.
The first and most important step is determining how much you have to spend.
Then you'll know for sure that the home you desire is within your reach.
After a quick comparison, we think you'll agree there's no place like a new PMC
Home of your own.
|
Own |
Rent |
| Potential tax savings from your home and potential equity can be used to pay
for your children to go to college.
|
Your rent doesn't build a future. |
| You are in control of your monthly payment. |
Your landlord controls your monthly expenses. |
| Your pets have a yard to play in. |
Your pets are often unwelcome. |
| You tend a beautiful garden. |
You water a couple of potted plants. |
| You can try that new, designer painting technique in your bedroom. |
You live with someone else's taste. |
| You do laundry whenever you feel like it. |
You have to scrape together quarters each week to do laundry. |
| Your children can play in your yard. |
Your children play in a parking lot. |
| Mortgage interest is tax-deductible. The IRS's loss is your gain. |
Rent is not tax-deductible. |
| Each mortgage payment could go toward building a nest egg for your family. |
Every rent payment disappears forever. |
| You have a garage. |
You search for parking in the street. |
| You have space for your family and all your things. |
Your children share a room, and space is minimal. |
| You have the pride of knowing you've accomplished a milestone. |
It's someone else's. |