Renting versus Buying In Tampa Bay Florida: Part 3 of 6
Renting a home isn’t that different from owning.
If you are renting a house, you may already feel like a homeowner by making routine repairs, gardening, or cleaning the gutters. There is one fundamental difference.
Unlike equity built with each monthly mortgage payment, the rent you are paying is producing zero future financial benefit. In fact you are essentially paying the landlord’s mortgage and likely additional utility costs. Since historically, most homes may increase in value over the long term, a home provides not only a place to live but may also provide return on your original investment.
Stay tuned for Part 4.
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