benefits of owning a home versus renting
1Your mortgage interest payments are fully tax deductible.
You cannot deduct rent payments from your income tax.
2You are your own landlord. No one can tell you when you have to sell or move.
You are always subject to the lease. And you'll usually pay higher rent every year.
3 Like "forced savings," equity helps you easily accumulate tangible value.
There is no equity in renting; you are essentially throwing away your money.
4Appreciation in value is the norm in real estate. As an owner, you benefit.
Only landlords benefit from appreciation in value—not tenants.
5You choose the features and colors that you want.
You must live with someone else's colors and choices.
6 You reap the benefits from any additions or improvements.
The landlord benefits from your work and costly improvements.
7 Owning something real is a source of pride for you and your family.
If you don't own where you live, you're not investing in your future.
INVEST IN A NEW RYAN HOME
From intangibles like peace of mind to real bottom-line savings, the advantages of owning a new Ryan home are many.
The Advantages of a New Ryan Home
- New homes offer the assurance of a warranty—a 10-year limited warranty in the case of Ryan Homes—and generally require less maintenance.
- The BuiltSmart approach ensures Ryan homes are built to the highest energy efficient standards to save you up to 30% on monthly utility costs. Learn more
- You get to choose your own colors, finishes, fixtures, and style, so your home is truly your own from the minute you move in.
- New homes are built with the layouts, appliances, technology, and materials suited to how people live today.
- A new home is fresh and clean from the day you move in.
- Ryan offers the convenience of "one-stop" financing with our own in-house lending company, NVR Mortgage. Why use NVR Mortgage?
The Disadvantages of an Older Home
- Older homes require more repairs and may have hidden problems. Appliances, roofs, HVAC, and other systems often have unknown histories and may require replacement.
- Most older homes have no warranty coverage.
- Someone else made every choice of color, appliance, finish, and design—and by now the style could be hopelessly outdated.
- Bringing an older home up to current building codes may lead to unexpected, and significant, renovation costs.
TIPS FOR SELLING YOUR CURRENT HOME
There's no way around it: moving is a lot of work. But if you put some effort into these proven ways to make your current home room appealing to potential buyers, you might make things easier on yourself in the long run.
De-Clutter and De-Personalize
You want potential buyers to say, “I can see myself living here.” So remove all obstacles to that idea.
- Pack up those knickknacks, personal photos, and family heirlooms
- Clear everything from the kitchen counters—and from the refrigerator door
- Clean and organize closets cupboards, and storage areas
- Put daily essentials in a small box that can be stored in a closet
- Rearrange and remove furniture leaving just enough in each room to indicate the room's purpose, with plenty of space to move around
Make Minor Repairs
Time to eliminate all those little annoyances you've been putting up with. Don't give potential buyers even the smallest opening to a negative thought.
- Replace cracked floor or counter files
- Patch holes in walls
- Fix leaky faucets
- Fix doors that don't close properly and kitchen drawers that jam
- Consider painting your walls neutral colors
Make the House Sparkle
If you regularly keep your house clean and bright, give it a good once-over. If you don't, now is the time to roll up your sleeves and have at it. It'll pay off.
- Wash windows inside and out
- Clean out cobwebs
- Dust fumiture, ceiling fan blades, and light fixtures
- Clean out the refngerator
- No odors—clean and air out any musty areas
Check Curb Appeal
Go outside, walk to the front edge of your property, and take a good long look back at your house. Does the house invite you in?
- Clean up the yard
- Mow the lawn and trim the bushes
- Paint faded window trim
- Plant yellow flowers (marigolds are inexpensive); yellow evokes the desire to buy
Stage Your Home
Walk through your home pretending you're the potential buyer. Linger in the doorway of each room and try to see your house as if for the first time.
- Leave all the lights on
- Empty trash cans
- Open blinds and curtains
- Use air fresheners
- Bake cookies