Aloha Friend,
“The choice between buying a home and renting one is among the biggest financial decisions that many adults make.”
Buy or rent – Which one fits your lifestyle better?
Renting Pros And Cons
PROS
- Temporary
- Easy relocation
- Low maintenance
- More cash to enjoy now
CONS
- You don’t build any equity. You are paying someone else’s mortgage.
- Landlord restrictions: you can’t personalize the space
- Rent rates will go up
- Landlord might sell or decide to stop renting
Buying Pros And Cons
PROS
- You build your own wealth
- Built credit
- Built equity
- Home value appreciation
- Tax advantages
- Creative freedom – Make it your own
- Sense of home stability/permanence
- More privacy
CONS
- Closing costs
- Responsibility for maintenance and repairs
- Relocation can be more difficult
Deciding whether or not to buy a house isn’t an easy choice. For some people, renting comes down to what they can afford at the moment, but they didn’t realize that there were affordable options, especially right now because rates are so low. The low-rate presents an opportunity for the investor. It’s a great time to BUY!
Feel welcome to reach out to me with any questions,
In Service,
S Y L V I E W E Y L M A N
Sylvie Weylman
Real Estate Associate
RS-77413
HAWAI’ I LIFE
6600 Kalanianaole Hwy #114
Honolulu, HI 96825
Direct: (808) 469-2540
Office: (808)392-2000
SylvieWeylman@HawaiiLife.com
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