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Renting vs. Buying?

February 8th, 2021

Which is better?

Maybe you’re in the process of selling your home and you’re wondering whether it’d be better to rent or buy...

Well, at Evergreen Home Buyers, we’ve been helping home sellers get a fair cash price for their home in Jacksonville for quite some time. Over the years, we’ve seen the pros and cons of both buying AND renting.

So we thought we’d take a moment to share those pros and cons with you.

RENTING PROS
No Property Taxes
Not Stuck With Depreciating Home
Repairs Are Paid For
No Down Payment

RENTING CONS
Rent Annual Increases
Doesn’t Build Equity
Can’t Customize Property Without Owner’s Consent

BUYING PROS
Builds Equity
Lower Monthly Cost For Larger House
Pride of Homeownership
Customize Your Living Space

BUYING CONS
Pay For Maintenance
HOA Fees
Large Down Payment Upfront
Risk Of Decreasing Value
Property Taxes

In our opinion, buying is a good idea if you can afford the down payment and don’t mind taking on the risking of OWNING the asset, while renting is a good choice if you can’t afford the down payment and/or don’t want to be responsible for the value of the asset.

Hopefully, you now have an idea of whether renting or buying is a fit for your needs. If you need to SELL YOUR HOME, however, then give us a call at (904) 342-3216 — we specialize in helping people sell their homes fast and as-is for a fair cash price!

What Our Customers Are Saying

I love Daniel. He has such a down to earth personality and is so helpful. Kim
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