Purchasing a Palm Beach County home is virtually always less expensive than renting. While it may initially seem as though purchasing a home will be more expensive on a monthly basis, you need to consider the fact that your mortgage interest is tax-deductible. Using a mortgage vs rent calculator is an easy way to see the actual figures rather than just the basic numbers.
Beyond that, purchasing a home is not just a financial decision. When you purchase a home, you have complete control over your home. You can style your home as you desire, have pets if you'd like and even rent out your home if you find that you want to move.
Purchasing a Palm Beach County home is also a wise investment. You'll have a home that you can live in, sell for profit or even rent out for continued income during your retirement years. Real estate is one of the few types of investment that has always provided consistent gains over a long period of time, historically.
The major benefits of purchasing a home:
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