Renting versus Buying In Tampa Bay Florida: Part 2 of 6
The tax benefits derived from purchasing a home take too long to offset other costs involved.
Tax write-offs of mortgage interest can be among the biggest financial benefits of home ownership. But some question whether this benefit is really great enough to offset the “big picture” cost of ownership. Homes typically appreciate in value over time. That is why you may want to evaluate carefully how long you expect to stay in your new home. If you acnticipate staying for several years, the scales should tip in your favor and the value of your financial gain from home ownership is likely to outweight those initial costs to get in the door.
Stay tuned for Part 3.
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