Urban Dwelling

There’s financial stability and a general sense of well-being and security in owning your own home. But, how do you decide if this is the right time for YOU to buy a home? Many people are weighing the decision of renting vs. buying.

According to SmartMoney.com, a division of the New York Times, in today’s current market it is better to own your home as opposed to renting. Here’s why:

• Build equity and write off your mortgage interest
• When you sell your home, you will be eligible for one of the best tax breaks around
• Mortgage rates are near historical lows
• Prices are competitive
• Inventory is up… the selection of homes available has never been better
• It’s a buyers market
• Builders are offering free upgrades, mortgage interest buy-downs, and a host of other incentives
• A home is an investment in your future
• Pride of ownership

To speak to a Prudential Homesale Services Group agent about renting vs. buying, call 800.383.3535.