Imagine it’s the 1st of the month. What are you doing today? If you’re renting an apartment or home, chances are you are making your rent payment. Another month, another check to your landlord for the privilege of living in a place you may or may not actually like.

Oh, the life of a renter. It certainly comes with headaches. Loud neighbors. A landlord who takes forever to fix things. You don’t have to live like this. Have you ever thought of actually buying a home and getting out of the rental trap? It’s certainly easier and more affordable than you may think.

Rent Buy House

Is purchasing your very own piece of Central Kentucky real estate better than renting? You have to decide if renting or buying is best based on your situation. To buy or rent? That is the question. Let’s discuss.

Reasons to Rent:

That busted pipe? Not your problem. You don’t own the property and aren’t responsible for repairs…of course, you are at the landlords mercy for getting items fixed. A deposit can be a whole lot less than a down payment.

Tied down? Who? Not you! When that lease is up you’re out of there. If you do not plan to be in the area at least a certain amount of time (this varies depending on the market you’re in, but is usually about 3 years) then renting may be perfect.

Reasons to Buy A Home:

First of all, when you purchase a home, you actually own it and gain all of the benefits that come along with owning a home. You make payments on your mortgage to satisfy the purchase price of your home and by doing this you’re building up equity in your home that is all yours. This comes in handy when you want to make upgrades on your property or sell your property. Think about it: when you’re making payments to a landlord, you’re essentially helping your landlord build up equity in his property and make money off of you. What do you get in return? Nothing.

Another benefit to owning your own home is the ability to save money on your taxes each year. A portion of the mortgage payments you make are tax deductible, meaning that you can decrease your tax liability and save money each year. Your rent payment isn’t tax deductible. So again, by renting you’re making your landlord money and helping him save money on his taxes.

Other than the financial aspects, there are many more benefits to owning your own home. The sense of accomplishment and pride you’ll feel after your purchase is hard to beat. You’ll be able to paint the walls any way you like and make changes or upgrades any time you feel like it. Try doing that while renting. Most landlords won’t allow renters to paint or make changes to their property. By owning your home you won’t have to wait days or weeks for your landlord to make repairs in your apartment. As a homeowner, you’ll always be the one in charge.

Once you’ve decided to start your journey to homeownership, the next step is to find a Realtor who will help you through the purchase process. A great place to find the Realtor who will help you achieve your homeownership dream is at They are experts in real estate and can help you step-by-step through the home buying process.

Is it time to buy? If so, what are you waiting for? Don’t just sit back and throw your money away each month with renting. Contact The Kentucky Home Team and be on your way to owning your own home!