Whether it is better to rent or own a home has been an ongoing argument for years, with pros and cons on each side. Some people prefer renting because you don’t have to worry about maintenance and they feel more safer in shared living spaces like condos and apartment buildings. For others, the added privacy and security of ownership outweighs the additional responsibilities. If you’re debating whether you should continue renting or beginning the journey to home ownership, here’s why you should opt for buying for purchasing a house. 

It’s Cheaper 

Contrary to popular belief, a home mortgage in Plantation doesn’t have to be super expensive. With the average monthly rent for a two-bedroom apartment in South Florida at about $1500, an average monthly mortgage payment of $1,067 for a $260,000 home is entirely feasible. You may even be able to get a better rate depending on your credit score and down payment.  

What about property tax and maintenance costs?  

With the amount you can save by owning your home instead of renting, you can save toward covering property taxes and simple, do-it-yourself home maintenance can save you even more. Just be sure to leave any major repairs to the experts! 

Owner’s Rights 

Home ownership grants you rights renting never will. Owning your own home means you have the right to possess, occupy, and control your property, whereas leasing agreements may be terminated at the leaser’s discretion. Moreover, homeowners have rights to remodel, make home extensions, and modify their home within the allowance of zoning and government restrictions. Where apartments and rental homes restrict you from even hanging photos or painting your living room, when you own your own home, you can create a space completely and uniquely yours. 


On that same line of thought, being able to customize your living space is a major advantage home ownership has over renting. As your life and home needs change, you don’t have to go through the process of hunting for a new place to live, saving for deposits, and renting moving trucks. If you are planning to expand your family, your home can expand along with you. Otherwise, you can use additional space as a home office, art or yoga studio, home gym—whatever you need to make your home more comfortable. 


Your home may not come with a doorman or security detail (unless you purchase a condo or live in a gated community that offers those services), but home ownership offers a different type of security. With your own home, you never have to worry about who has access to your home because you control who has the keys. Stop worrying about that shifty landlord or the shady maintenance man—in your own home, you can control who gets into your home and when.  

If you are ready to leave behind the rent cycle and own your dream home, Ace Mortgage can help get you there. Let us guide you through the process of getting a home mortgage in Plantation or anywhere else in South Florida. Contact us today for your free consultation! 

Contact Us