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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time. These costs may also fluctuate over time.).

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8 Essential Steps on How to Rent Out Your House: A Comprehensive Step-by-Step Guide

Movoto

However, the logistics of renting a property and being an upstanding landlord are a bit more involved. You’ll also need to check with local authorities to understand requirements for how to rent a house in your area and any organizations like HOAs or condominium associations, when applicable. Does Rental Income Count as Earned Income?

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The Pros and Cons of Buying a House

PennyMac

The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Property taxes and HOA fees are the buyer’s responsibility. Rental insurance is inexpensive.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too. You'll need to do some renovations.