Buying Vs. Renting A Louisville Kentucky Home – Which Option Is Better?

By Family Realty

Are you renting a Louisville Kentucky Home and are debating if it’s a better decision to buy versus continue renting?

There’s no denying that owning a home has its advantages.

In today’s post we will cover some of the advantages of homeownership to help you make an informed decision if you plan on buying a Louisville Kentucky Home.

Build Equity in Your Home

Let’s face it, one of the biggest reasons why you should consider buying a Louisville Kentucky home versus continuing to rent is equity.

The longer you own your own home in Louisville, you will benefit from being able to build equity in the home, compared to renting where you aren’t able to build equity for the rent which you pay every month.

Freedom to Make Decisions

As a renter, when was the last time that you were able to make major decisions about your home like which walls to knock down to create an open concept floor plan, colors to choose for redecorating, or buying a dog for your children?

When you own your home you will be able to not only enjoy pride of ownership, you will also be able to make decisions about your Louisville home without having to consult the homeowner or property management company first.

A Great Investment

Last of all, but most important, owning a Louisville Kentucky Home is a great investment.

Many economists have said that owning Real Estate in 2015 is a better investment opportunity than putting your money into the stock market, and they are right, especially considering the fact that you can also earn cash flow from your home should you decide to rent it out in the near future.

Buy a Louisville Kentucky Home

For more tips on why you should buy a Louisville Kentucky Home vs. Renting, contact Family Realty today by calling us at (502) 458-4100.