The Difference Between Renting and Owning

  • Dennis Hartley
  • 03/2/22

When trying to decide whether to rent or buy real estate in Redondo Beach, consider the many financial benefits that come with owning a home.

When Renting:

  • Landlord’s wealth grows.
  • Monthly payment goes up each time a lease is signed or renewed.
  • Rental price appreciation pinches the wallet and has no financial reward.
  • With rising rent cycles, saving for a down payment is more difficult.

When Owning:

  • Wealth is built for the homeowner.
  • Monthly payment is locked in for length of loan, usually 15-30 years.
  • Home appreciation and equity built equals increasing investment wealth.
  • Equity wealth and net worth can fuel purchase of next home.

If weighing options, remain mindful that owning a home has considerable financial rewards.

Connect today with Dennis Hartley to learn more about the perks of owning a home in Redondo Beach.

Photo by chris robert on Unsplash

 

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With over three decades of experience as a top ranked agent, he has the answer to any real estate question. He has helped nearly 1000 families buy or sell real estate. His emphasis on customer service has resulted in numerous sales awards and many satisfied clients.

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