Rent or Buy - Which is Right for You?
Owning a home is the American dream. But it isn't always right for everyone. If you're considering whether buying or renting is best for you, there are several factors you need to be considering. While Team Andy Gibson wants to help make your dream of buying a home at Lake of the Ozarks a reality, we also know that it may not be the right time. So this week, we're taking a look at the advantages and disadvantages of renting vs buying to help make your decision making easier: Advantages of Buying Unlike renters, homeowners build equity over time. Several tax benefits cater exclusively to homeowners, saving money every year just for owning. When you own, you're free to get creative with your home. You can paint walls, add new bathroom fixtures, update your kitchen, finish your basement, or build a patio or deck to your heart’s content. Since homeowners tend to stay in their homes for longer than renters, they’re more likely to put down roots in their communities...