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Real Estate £>
Eileen M. Day REALTOR ~~
HOME OWNERSHIP PRO & CON 'l
Should you buy or should you rent? Both have their place. First, ’I renting can be the answer for fami- ;J lies who know they’ll only be in I the area for a short time or who ’ prefer not to contend with mainte- •' nance. It’s also the only solution for anyone with insufficient funds for the down payment on a home.
The main disadvantage of renting is a financial one. As living costs rise—so do rents. A lease may protect you temporarily, but when it expires, the landlord is free to increase the rent—even under rent control when justified. Rent payment cannot be deducted from income tax as the homeowner can deduct real estate taxes and interest on the mortgage payments.
Your best buffer against inflation is to own your own home. You’ll also be pleasantly surpised to find it also is one of the best financial investments you ever made. Today, the typical homeowner’s biggest and fastest growing asset is the family home. Call us. We can help.
If there is anything we can do to help you in the field of real es- 1 tate please stop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, Va. 22747. Phone 675-3033. We’re here to help.
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