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Updated by Fusion 360 on Nov 29, 2014
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Reasons to Buy a Home Instead of Renting

Renters are not entitled to the same sort of benefits that homeowners are. Therefore, it stands to reason that owning a home is the better option. Whether it is through mortgage companies or not, owning a house will give long-term benefits to the owners.

Tax Breaks

The U.S. Tax Code lets Americans deduct the interest they pay on their mortgage, their property taxes and some of the costs involved in buying the home. This means that tax breaks are offered to homeowners, not renters.

Real estate has long-term, stable growth in value. U.S. homes are going to go up in value by 15 percent in the next few years. There is always a market for housing. Once mortgage companies are paid and the house is in ownership, the owner starts gaining financial dividends due to appreciation.




Paid rent is money that is never seen again. That money goes to pay the actual owner. Mortgage payments let people build equity ownership interest in their home. This means they are making money simply by owning something.


Owning a house is an investment. Once the mortgage companies have been paid, a person can start saving and not pool money into a house that they are living in.


Unlike rent, fixed rate mortgages offered by mortgage companies won’t raise in percentage. As the years go on the owner can predict a certain amount of money, therefore not being caught off guard by increasing rent prices.


Aside from the benefit that comes from paying fixed rate mortgage companies, people are allotted freedom when owning a house, including the freedom to paint the walls and tear down outdated shelves.


Being in one house for years, due to the mortgage of choice, offers stability. The homeowner can make the home and community theirs and trust that they will be staying.




Raising a family in the stability of a house that is owned rather than rented is the top reason to own a home. Children can integrate themselves into the surrounding community and parents can become part of the neighborhood.




Ciera Putnam is a finance and mortgage writer. Information provided by Castle & Cooke Mortgage (NMLS #1251). Ciera writes for Fusion 360, an advertising agency in Utah.

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