Should You Keep Renting or Finally Buy a Home?

September 29, 2025•2 min read

One of the most common questions we hear every day is simple but important: Does it make more sense to rent or to buy a home right now? Let’s break it down.

Renting Builds Someone Else’s Wealth

When you rent, every monthly payment goes straight toward your landlord’s investment — not yours. You don’t build ownership, you don’t create long-term equity, and you don’t benefit from rising home values. Buying a home flips that script. Instead of building someone else’s future, you’re investing in your own.

Homeowners Are Gaining Massive Wealth

Since mid-2023, U.S. homeowners have collectively gained more than $1.3 trillion in home equity just by living in their houses (source: Federal Housing Finance Agency — www.fhfa.gov). Today, the average homeowner holds about $315,000 in equity — a financial cushion that can act like a savings account you can tap into if or when you need it.

Freedom to Make It Your Own

Owning your home means you decide what you can and can’t do. Want to paint the kitchen? Go for it. Upgrade your bathroom? Replace the flooring? Build a deck? As long as you follow local building rules, you don’t need to ask anyone for permission — and every improvement can potentially increase your home’s value.

Tax Advantages Many Renters Miss

Homeownership also comes with possible tax benefits. If you itemize deductions, you may be able to write off expenses like:

Mortgage interest
Property taxes
Private mortgage insurance (PMI)

These deductions can potentially save you thousands per year, depending on your tax situation.

Renting Isn’t Always Wrong — But Know Your Options

For some people, renting still makes sense — especially if you’re planning a short-term move, saving for a down payment, or building your credit. Our goal is to help you understand the pros and cons of buying vs. renting based on your personal situation. When you know the numbers, you can make the decision that’s best for you and your future.

Thinking about buying but not sure if it’s the right time?
Let’s talk. I’ll help you see exactly how homeownership could work for you — or if renting for now still makes more sense. Either way, you’ll walk away with clarity.