HOMEOWNERSHIP BENEFITS
OWNING
RENTING
1.
1.
Paint inside any color you want
2. Make home improvements that benefit you
No matter what happens with the value of the home you will never gain equity
3. Control your asset and how long you live in it
2. Limited to no ability to personalize living quarters
4. Get the pet you’ve always wanted without landlord’s permission
3. No tax advantage
5. Gain equity and appreciation
4. Uncertainty of landlord selling the property you live in
6. Tax benefits*
5. No control over rent increases
7.
6. Throw not so wild parties
Throw wild parties
RENT
1 YEAR
5 YEARS
10 YEARS
$1,000
$12,000
$60,000
$120,000
$1,250
$15,000
$75,000
$150,000
$1,500
$18,000
$90,000
$180,000
$1,750
$21,000
$105,000
$210,000
$2,000
$24,000
$120,000
$240,000
$2,500
$30,000
$150,000
$300,000
Synergy One Lending, Inc. DBA Partners Mortgage | NMLS 1907235
Think of how much you spent on rent that could have been building your home equity!
