Buying or renting is a common question among first time buyers. Buying a home is part of the American Dream.  In a struggling economy it can be difficult to get to the point where you can buy a home.  Some people own a home as an investment, but most want to own a home to have a place they can call their own.  One of the benefits of buying a home is the interest the government allows homeowners to deduct part of their mortgage. If you own a home, your equity will build over time and the mortgages balances shrink.


Now the renting part of buying or renting. As a renter, you have less liability when it comes to the property you are renting.  If something breaks the landlord is responsible to fix it, whereas for a homeowner repairs come out of pocket.


It pays to consider your credit score when deciding whether to rent or buy.  If your credit score isn't the greatest, build it by renting and paying rent on time.  A good credit score is a key part of getting a great rate on a loan.  Also, consider how long you will be in a particular area.


If you have questions about whether buying or renting is best for you please give me a call at (435) 757-5533 or e-mail me at mike@loganhomefinder.com and we can go over all your options. If you’re looking for homes visit my interactive Web site www.LoganHomeFinder.com to search for homes in the Logan, Utah area. Now is a great time to buy a home for sale in Logan, Utah. I specialize in working with buyers looking for a good deal on real estate in the Logan area.


Mike Whitesides, Realtor, Market Edge Real Estate, Logan, Utah (435) 757-5533.