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Rent vs Buy Chart

Home ownership is not for everyone. If you are a renter and considering purchasing a home here is a chart to help you compare the advantages and disadvantages of renting vs buying.

Own Or Rent Advantages Disadvantages
Homeownership Privacy

Usually a good investment

Mortgage doesn't fluctuate from year to year

Pride in ownership and strong community ties

Tax incentives

Equity buildup (savings)

Long-term commitment

Maintenance and repair costs

Lack of flexibility

Usually more expensive than renting*

Need money for down payment and closing costs


Renting Usuallly lower monthly payment*

Shorter-term commitment

No/minimal maintenance and repair costs

No tax incentives

Rent increases every year

No building of equity

Landlords who don't keep up property

Apartment neighbors who bring in insect infestations, are noisy or difficult to deal with

Foreclosure and you're not told

*Right now in the Metro Washington DC area renting costs more than purchasing! If you are tired of being a renter but have some challenges to overcome (credit, lack of savings, bankruptcy, etc.) our Rent to Home program is just right for you.

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Margeau Gilbert
Exit Right Realty
8730-16 Cherry Lane
Laurel, MD 20707
Direct: 240-462-1955
Office: 301-362-4500

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Margeau Gilbert | 240-462-1955 | Contact Me
Exit Right Realty - 8730-16 Cherry Lane - Laurel, MD 20707
Office: 301-362-4500
Copyright © 2018, All Rights Reserved

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