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Benefits of Buying vs. Renting in Orange County

If you are looking for a new place to live, you might be on the fence about whether to rent or buy. It is very important that you explore your options so you can be sure you are making the best choice when you move! In our latest post, we will outline some of the benefits of buying vs. renting. Find out what’s right for you before you make your move!

There are benefits to both buying and renting, but it really comes down to what will be the best decision for YOU! Personally, we believe that you can never go wrong when choosing to own real estate, (the right real estate that is.) Below are a few of the wonderful benefits of homeownership you might not have considered!

Planting Roots

Buying a home and knowing YOU are the owner is like no other feeling in the world. You finally feel like you are really at home and not living in someone else’s house. The tree in the yard? That’s your tree. The cool crank windows in the kitchen? Those are yours too. You will likely care much more about the house and property and find yourself enjoying the process of making it your own. You might paint, or add interesting built-in’s or plant a vegetable garden… all things you might not have done if you were living in a rental. Just having that feeling of ownership can make you feel good and give you a better sense of well being. Subconsciously you don’t have the fear of your lease ending, going up, or having the house sold from under you. You will feel much more secure and likely happier all around.

You’re Paying Your Own Mortgage

Each month, the money you are paying out is going toward something tangible you can one day resell. When you rent, you have nothing to show for it other than a roof over your head for that particular month. In reality, your monthly rent is likely paying someone else’s mortgage.

You Can Paint The Walls Green

Or red, or blue, or purple. And you can do it without asking anyone! When you own a house, you have the freedom to do whatever you want! Hate tile? No problem! Rip it out and put down wood floors. When you own a house, you have the license to do anything you want to the place, even knock the whole thing down if you so choose. Of course, all of this is within reason, you will have to pull permits for construction and adhere to any city or HOA rules that might have jurisdiction over your property.

Your Mortgage Payment Will Likely Stay The Same (Unless You Refinance)

As long as you choose a fixed-rate mortgage, your monthly payment will stay the same. It is much easier to budget and plan for the future when you know your monthly payment will remain steady. Rent prices tend to go up each year, without much rhyme or reason. You can’t usually estimate how much rent you’ll be paying 5 years from now.

Tax Breaks

There are great tax deductions available to homeowners. You can deduct the mortgage interest you pay on a loan up to $750,000. You can also deduct your property and city taxes up to $10,000. While these numbers are a bit lower with the new tax plan, most homeowners aren’t paying mortgage or property taxes that high to begin with.

Owning a home is beneficial both financially and mentally. It is your opportunity to have a place on earth that really belongs to you! If you are ready to buy, we can help you find the property for you!

Do you want to buy or rent a house in Orange County? We can help! Send us a message or give us a call today! 949-625-4533


Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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