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Should I Rent or Buy?


The question that most Americans are going to have to ask themselves at some point, is, should I rent a house or should I buy a house? Here are some great reasons for why you may choose one over the other.

When it comes to buying, one of the most important things is finding a house that you can afford. You will talk to a lender who will give you an idea of what you can not only afford, but what's going to keep you comfortable and safe to make sure that you never get behind on your payments. Once you get your house many benefits will become available to you.

First and foremost, the money that you're spending on a house, on a mortgage, as opposed to spending on rent is going to include a principle payment, which means that gradually what you owe on that house is becoming less and less.

By owning a home you're also going to receive tax benefits. There's quite a big chunk, especially at the beginning of that payment that you get to write off on your taxes. Imagine if you're in a 20% or 25% tax bracket, the taxes that you're paying on your insurance and other parts of the payment will come back to you in your tax return.

You're also going to get to experience for the first time ever appreciation in your house. Appreciation is the increase of a homes value over time. Now, there's no guaranteed to appreciation. People will tell you never to try to time the market, but historically, if you have time in the market, you can expect to see your house appreciate by as much as 3.5% on average every single year that you own it. The great part is that's compounding upon itself every single year.

Last but not least, there's a lot of other creative ways that you can actually use your house to create income and create other opportunities for yourself. If you have questions on any of this, please reach out to your Sentry Residential agent or visit us at to see our Rent vs Buy Calculator.


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