Top 10 Reasons to Buy than Rent

1. Ownership - It's your property, whatever decisions that need to be made on it are yours - not a landlord's.

2. Interest Rates - Interest rates are at an all-time low so it costs less get a mortgage now.

3. Tax Advantages - Some costs of buying a home like mortgage interest rates are tax-deductible.

4. Fixed Expense - Monthly payments on a fixed-mortgage remain relatively steady, while rent can increase over time.

5. Investment - Rent money goes straight to your landlord's pocket. When you buy a home, each mortgage payment decreases your loan balance and increases your share (equity) in your home's value.

6. Future Savings / Build Equity - As you build equity (increase your share in your home's value), savings increase too. Many people use their equity to plan for college, retirement and other future needs. If you sell, you can even keep the first $250,000 in profits without tax if you meet certain IRS requirements.

7. Improvements - When you spend on improvements like new kitchen cabinets or hardwood floors, you're building your equity as well.

8. Your Choice - You get to select your home among the many styles, price ranges and neighborhoods available in today's market.

9. Personalize - You own it, you're free to get creative and decorate your home to your heart's content.

10. Community - When you and your neighbors give importance to the value of your respective homes, you'll work to maintain the community's well-being and that gives everyone a sense of belonging.