Maybe you’re in the process of selling your home and you’re wondering which is better between renting vs. buying in Summerville SC. Well, at Pearl Properties, we buy houses in Summerville South Carolina. As local homebuyers in South Carolina, we’ve been helping home sellers get a fair price of cash for houses in Summerville for quite some time. Over the years, we’ve seen the pros and cons of both buying and renting. So we thought we’d take a moment to share those pros and cons with you.
Pros And Cons Of Renting A House In SC
- No Property Taxes
- Not Stuck With Depreciating Home
- Repairs Are Paid For
- No Down Payment
- Rent Annual Increases
- Doesn’t Build Equity
- Can’t Customize Property Without Owner’s Consent
Pros And Cons Of Buying A House In Summerville
- Builds Equity
- Lower Monthly Cost For Larger House
- Pride of Homeownership
- Customize Your Living Space
- Pay For Maintenance
- HOA Fees
- Large Down Payment Upfront
- Risk Of Decreasing Value
- Property Taxes
Sell My House In Summerville SC
In our opinion, buying is a good idea if you can afford the down payment and don’t mind taking on the risking of OWNING the asset, while renting is a good choice if you can’t afford the down payment and/or don’t want to be responsible for the value of the asset.
Hopefully, you now have an idea of whether renting or buying is a fit for your needs. If you need to sell your house in SC, however, sell directly to professional South Carolina home buyers like us here at Pearl Properties.