HOW MUCH CAN I AFFORD?

HOMEOWNERSHIP BENEFITS

OWNING

1. Paint inside any color you want 2. Make home improvements that benefi t you 3. Control your asset and how long you live in it 4. Get the pet you’ve always wanted without landlord’s permission 5. Gain equity and appreciation 6. Tax benefi ts*

7. Throw wild parties 1. No matter what happens with the value of the home you will never gain equity 2. Limited to no ability to personalize living quarters 3. No tax advantage 4. Uncertainty of landlord selling the property you live in 5. No control over rent increases

6. Throw not so wild parties

RENTING

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