At Antje Kühl Real Estate Team, we help our clients to find their dream property by outlining a strategy based on their needs and desires. Therefore, here are some of the main differences presented by our team that will help you to compare the benefits and pitfalls between buying and renting a property.
Buying a Property:
1. Builds your own wealth
2. Your monthly mortgage payment is predictable;
3. You have complete freedom to customize your property;
4. Pay purchase tax, anual municipal tax as well as condominium and maintenance fees.
Renting a Propertyl:
1. Builds Net Worth your landlord´s wealth;
2. Your monthly rent payment is likely to increase;
3. Any changes on the property need authorization from the landlord;
4. Likely to pay rent and a security deposit.