THE HOUSING COUNSELING AGENCY
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Advantages And Disadvantages Of Renting

Advantages Of Renting

  • There is generally less work in maintaining a home or apartment
  • Smaller amount of "up-front" cash
  • When the lease is up, you can just move

Disdvantages Of Renting

  • No matter what happens with the value of the home, you will never gain equity
  • Limited--or no--ability to personalize your living quarters
  • No tax advantage to renting. Your landlord gets any and all tax breaks that are available

Now, with an array of programs available for first-time buyers and a wealth of information online, becoming a homeowner is no longer reserved for the wealthy, but for those who are armed with the right information. So, if you're ready to make the long-awaited dream a reality, follow these 10 easy steps to your home sweet home:
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NID-HCA is a diverse network of advocacy groups and individuals, organizations, housing counselors, real estate professionals, community groups, civic organizations and faith-based organizations committed to ensuring fair housing opportunities for all in urban/minority communities throughout the country. As an advocacy, communications, education and resource network, NID-HCA works to provide its partners and the communities they serve with information to assist them in their advocacy efforts to address issues ranging from increasing access to quality housing and mortgage products and eliminating housing disparities.