Serving Baton Rouge & Surrounding Areas
Stacy Branyan, Realtor
✖ You are responsible for paying more than just your mortgage payment, including property tax, homeowner’s insurance, homeowner association fees, utilities and other expenses.
✖ You must pay for repairs and maintenance, as well as renovations, of your home and property.
✖ If you cannot pay your mortgage, your home may be subject to foreclosure.
✔ You have an asset that you own.
✔ Your property builds equity over time, giving you a valuable wealth building tool that you can use to buy a larger home, finance your business or perhaps fund your child’s education or even your own retirement.
✔ It provides security. You have a home of your own where you and your family can live and grow together.
✔ There are tax advantages (consult a tax advisor for potential benefits).
✔ Your monthly mortgage payments will not change if you choose a fixed-rate mortgage.
✔ You have a recognized voice in civic affairs, allowing you to help build a strong sense of community.
✔ You have the freedom to choose the décor of your home.
✔ You have the freedom to follow religious and cultural customs that are important to you and your family.
✖ Your rent payments do not build equity for you—your money goes to your landlord.
✖ You cannot freely make improvements, such as upgrading your kitchen or bathroom, to your home or dwelling.
✖ There may be restrictions regarding pets.
✖ There may be restrictions regarding how you can decorate your home.
✖ You do not have control over whether rent will increase.
✖ Your landlord could ask you to move because he or she has made other decisions regarding the property (wants to sell or change use).
✔ Someone else handles the repairs and maintenance.
✔ The landlord pays the property insurance, taxes and certain utilities.
✔ You can move when you want without having to sell the home.
There are pros and cons to renting or buying a property. I am here to provide you with information so you can decide which option is best for you financially and for your lifestyle. Many people assume they cannot afford a mortgage note or could not qualify for one, however, I find that many times people are paying more in rent than they would a house note for a comparable property. There are many types of loans available that can accommodate different financial situations. For those that are not in a financial position to buy yet, I am happy to provide guidance on how you can better prepare and qualify for a home loan in the future. Below is a list of some pros and cons to renting or buying a property. For more information, call me at 225-229-0451 or email firstname.lastname@example.org. With my experience in the Baton Rouge area, I can help you find the perfect home to lease or purchase.