Why Waste Money on Rent When You Could Own Your Own Home?

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Why spend money that is really needed for other things? Why live uncomfortably? Why be trapped in this hole called a home that belongs to another person? Why not live free and peacefully? When a person rents he or she usually throws away money that could be used to purchase something that belongs to them. Money is not easy to come by so why pay out hundreds toward something that is not benefit to the person paying it out. There is no good explanation for making a decision like this.

The best option in a situation like this is to buy a house. Buying a house is a better option than renting an apartment.Buying a house has some very good ownership benefits. As a buyer and not an actual renter the investment process is better.

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Buying has great investment benefits. A person’s house is their personal investment. The benefit of the money that is spent monthly to the buyer is that each monthly payment builds equity (Bluejay, 2010). If the home that a person is buying is sold before it is paid off is that the equity that is built goes to the actual homeowner (Bluejay, 2010).

One of the biggest benefits of actually owning a home is the monthly payments are not wasted.The money that is spent monthly actually goes towards buying than into another homeowner’s pockets (Map, 2011). The buyer actually saves more money that can be spent on other things. Home owning is very beneficial financially.

It can greatly decrease a person’s yearly federal and state income tax bills (Demand, 2010). There are numerous amounts of deductions that homeowners could file on their taxes like property taxes, moving costs, real estate transactions, and if a homeowner works from home he or she can deduct home office deductions (Demand, 2010).Buying a house has way more benefits than renting. Buying a home provides more freedom than renting.

When a person buys the house belongs to them. There is no landlord. The person does not have to worry about a landlord in and out of their home. There is more privacy.

The person’s home is their own. If he or she wants company then it is up to them to allow people into their home. The homebuyer does not have to worry about inspections and wanting on the landlord to do repairs for his or her home. A homebuyer is free to decorate his or her home inside out.

Actually owning a home can help improve a person’s quality of life, especially if they have children, the benefits can be priceless (RP Reality, 2011). A person’s home becomes their own private retreat. A home provides more space and more privacy than an apartment. The person can garden and do basically anything that he or she deems fit in his or her own home (RP Reality, 2011).

This is ideal for home buyers who are looking to start a family because their kids and pets have the freedom to roam in the privacy of their own home.Apartments are crowded and full of tenants, whereas an actual home is a person’s own little cubby hole that can be customized according to the homeowner’s wishes. As a homeowner the owner has the ultimate say so over what goes on, which is ultimate freedom. When thinking of a home in comparison to an apartment all that is though about is home sweet home.

This is every person’s dream. Buying a house means being stable. Homes are meant to be creative and to show a person’s style of living.Having an apartment does not have this option to the fullest.

When a person buys a house he or she is free to decorate their place inside and out. Usually with an apartment there are limitations on what could be done to the walls, the flooring, and outside of the apartment (Map, 2011). With a house freedom is all given to the actual owner. With an actual home a person provides a place for their family to be stable.

Every person wants a place where their kids could call home. No one person wants to move around from place to place.When a potential homebuyer goes out and actual purchases a house this is a benefit that comes behind buying the house. In apartments the longest length of stability guaranteed to a certain extent is the length of the lease that is signed when obtaining the apartment (Ki-Cheon, 2009).

Buying a house provides stability forever unless the owner decides to sell or to move into another home in which the owner gains equity for selling. This is still a huge benefit. Owning a home is a very huge security measure.When a person is an actual homeowner and not a renter he or she can control who actually enters his or her home (Map, 2011).

It is easier to purchase home alarm systems and everything that goes on in a person’s home is controlled by the owner. As a homeowner the option of what is allowed and what goes on is controlled by the actual homeowner. If an issue comes up and the owner has to move somewhere else then this is a huge benefit. As a seller a person can earn so much money and it can build equity (Media, 2010).

Usually homes sell for way more than the purchase prices, especially if the owner has customized the home, in which was discussed earlier (RP Reality, 2011). The selling price could be a huge benefit to any owner who is selling their home and moving. These benefits cannot be earned by an apartment renter. Buying a home is the best route to choose in any situation.

Buying a home means actually owning something. There is no more following another person’s rules, no more paying out unnecessary money.It means a sense of security and stability for a person’s family. It is the key to a better lifestyle.

The benefits are all there. There is privacy, freedom from landlords, stability, and a person can gain equity, and most of all they can have a place that they call their own. It is home sweet home. Buying a house is basically the key to happiness when a person is becoming stable.

Yes, it will take a lot of time and hard work to accomplish this goal but it is worth the struggle. Every person needs that special place to call home sweet home.ReferencesBluejay. Michael, (1999-2000) “The Ultimate Rent vs.

Buy Calculator.” http://michaelbluejay.com/house/rentvsbuy.htmlMedia.

Demand, (2010) “Home-Buying Tax Deductions. “http://www.essortment.com/home-buying-tax-deductions-20032.

html“Map. Financial, (2011)”The Financial Map, LTD.”http://financialmap.info/pros-and-cons-of-home-ownership.

htmKi-Cheon. Kim, (2009) “The Chosen Libo.”http://english.chosun.com/site/data/html_dir/2009/02/19/2009021961017.html RPReality, (2011) “The Benefits of Owning Versus Renting a Home.” http://www.rprealty.com/articles/benefits-of-owning-versus-renting-a-home.cfm

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Why Waste Money on Rent When You Could Own Your Own Home?. (2017, May 11). Retrieved from


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