Wondering Whether you Should Buy or Rent?

In the world of real estate, one of the biggest questions is whether it's better to rent or to buy a property when moving. While renting makes sense in certain circumstances, there are many compelling reasons why most people are better off purchasing their home. Here at Columbus Capital Lending, we encourage the residents of Miami to look into home ownership! Buying a home is a great idea for a variety of reasons that go far beyond the benefits behind renting. To learn more about home ownership and the home buying process, the team here at Columbus Capital Lending is here for you! Give us a call today.

Customize your Home

When you buy a home, it’s yours. If you don’t like the paint in the kitchen… change it! If you want more trees in the backyard… plant them! When you rent, you have very little freedom to customize your home or apartment. When you buy a house, it’s yours, and you can turn it into the home of your dreams. Along with the design elements that you have control of, you also have the ability to raise the curb value of your home over time as you make improvements. Buying a home serves as an investment that results in great return down the road if you put the effort in to making improvements!

Build Equity

When you rent, you’re passing your money on to your landlord. When you buy, you’re building equity in your own home. When you’ve paid off your mortgage, the home is yours… and you won’t have to make housing payments any longer. If you rent, you’ll be making rent payments for your entire life! While taking the leap and investing in a home may be scary, it pays off immensely down the line. Invest in your future while you can or you may be stuck in the rent paying cycle forever!

No More Landlord Headaches

When you rent, you’ve got to deal with a landlord. He or she may demand the right to inspect your house at any time, and could even evict you if you aren’t following all of his rules. As time goes on, landlords all across the country continually become more demanding and unfair in some circumstances. Personal and legal battles with a landlord can end up being more taxing on your wallet than you may realize. When you own a home… it’s yours! You don’t have to answer to the landlord. You’re the boss, and you can do what you like in the privacy of your own home.

Your Fixed Rate Mortgage Won’t Rise, Unlike Rent

Rent is always rising. With the economy fluctuating and inflation affecting the housing market, renting ends up being financially challenging for many. If you lock in a fixed-rate mortgage, you can keep making the same monthly payments until your home is paid off. No more nasty surprises when the landlord decides it’s time for the rent to go up! A fixed rate mortgage allows you save for better things in life like family vacations, education for your children, etc.

Tax Breaks

As a homeowner, there are a variety of tax credits and deductions that you can take advantage of. While the specifics will vary depending on where you live, you can generally expect to receive deductions for interest you paid on your mortgage, energy-efficient improvements, and more. Renters get none of those advantages.

Columbus Capital Lending Makes The Home Purchasing Process Easier For YOU!

When you choose to purchase a home, you want the process to be as smooth and stress-free as possible. That’s why here at Columbus Capital Lending, we are passionate about making the mortgage process easier for our clients in Miami and its surrounding Florida communities. We make sure that every question is answered and that your experience with us is enjoyable - no matter how complex the process may be. With our team of experts working for you, it just makes sense to start your home buying journey with us! Give us a call today and learn more about how Columbus Capital Lending can make the entire home purchasing process simpler for you. We look forward to helping you become a homeowner!