
20 de July de 2023
Buy Vs Rent
BUY
- Possibility of revaluation / capital gains
- Possibility of inhabiting it for an unlimited time
- Possibility of generating a monthly income through rent
- Possibility of paying for the property through rent
- Freedom of ownership changes
- Sense of belonging, stability and community.
- Possibility of deducting condominium expenses and property tax in the annual income tax return
- Possibility of deducting mortgage loan interest from taxes
- Generates a higher return than at the bank
- Responsible for repairs and improvements
- Responsible for condo fees and property taxes
RENT
- Flexibility, ability to move frequently
- Not responsible for major repairs
- It allows you to have the experience of living in an urbanization without ties
- Not responsible for condo fees and property tax
- No tax benefits
- Inability to deduct income from taxes
- Impossibility of making changes to the property without authorization from the owner
- Possibility of annual increase in rent
- It is up to the owner to renew for another term
- Money spent without building assets