RENT OR BUY?
THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest. And if you play your cards right, when you sell you'll be eligible for one of the best tax breaks around. But that doesn't mean that everyone should be a homeowner. If your move is short-term or if interest rates are high and property values deteriorating, it may be worthwhile to deal with a landlord for a while. Our worksheet will help you determine which path is best.
To Rent or to Buy
Pros
Cons
Renting
Flexibility (can relocate easily)
No equity
Can invest money elsewhere (stock market)
Annual rent increase could outpace inflation
No upkeep fees (drippy faucets, broken dishwashers, etc.)
Buying
Tax-break: deduct mortgage interest and property taxes
Property tax and upkeep
Potential tax-free capital gain
Mortgage costs
Emotional satisfaction
Less flexibility should you want to move; in very bad housing markets, you could lose principal
You don't find what you are looking for, NO PROBLEM. Click here for a FREE RENTAL LIST customized under your criteria.
Miami Global Realty Inc.
Surfside
Rent
Address: 9595 COLLINS AV,#N5-J Surfside
Complex name:
SOLIMAR CONDO City: Surfside
Price: $4900.00
Property type: Residential Rental
Bedrooms: 3
Bathrooms: 3
Surfside Real Estate
Address: 9195 COLLINS AV,#PH13 Surfside
Complex name:
CARLISLE ON THE OCEAN City: Surfside
Price: $850.00
Property type: Residential Rental
Bedrooms: 1
Bathrooms: 1
Surfside Real Estate
Address: 9195 COLLINS AV,#810 Surfside
Complex name:
CARLISLE SEASONAL City: Surfside
Price: $2250.00
Property type: Residential Rental
Bedrooms: 1
Bathrooms: 1
Surfside Real Estate
Address: 9124 COLLINS AV,#204 Surfside
Complex name:
9124 COLLINS AVE CONDO City: Surfside
Price: $1550.00
Property type: Residential Rental
Bedrooms: 2
Bathrooms: 2
Surfside Real Estate
Address: 9195 COLLINS AV,#502 Surfside
Complex name:
CARLISLE ON THE OCEAN City: Surfside
Price: $3800.00
Property type: Residential Rental
Bedrooms: 2
Bathrooms: 2
Surfside Real Estate
Copyright 2009 - 2011 Miami Global Realty, Inc
Miami Real Estate
Powered by Impulsnet