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Take Charge and Reach Your Goals

Take Charge and Reach Your Goals. Owning vs. Renting. The PICPA. Pennsylvania Institute of Certified Public Accountants PICPA is a professional association of more than 20,000 CPAs working together to improve the profession and serve the public interest. Owning vs. Renting. Home.

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Take Charge and Reach Your Goals

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  1. Take Charge and Reach Your Goals

  2. Owning vs. Renting The PICPA • Pennsylvania Institute of Certified Public Accountants • PICPA is a professional association of more than 20,000 CPAs working together to improve the profession and serve the public interest.

  3. Owning vs. Renting Home In most cases it’s better to own a home. Benefits of ownership: • Tax benefits • Equity • Stability • Borrowing power

  4. Owning vs. Renting Home Tax Benefits • Exclusion of capital gain when your house is sold • Deducting points and closing costs • Home improvements, repairs, and real estate taxes • Mortgage Interest

  5. Owning vs. Renting Home Equity: The portion of property that's actually owned, or equity, also rises over time.

  6. Owning vs. Renting Home Stability: Know what you’ll owe in years to come.

  7. Owning vs. Renting Home Borrowing power: Borrow against your home.

  8. Owning vs. Renting Home Benefits of Renting: • Flexibility • Cost • Maintenance

  9. Owning vs. Renting Home Flexibility:Pick up and move almost whenever you want!

  10. Owning vs. Renting Home Cost:Cheaper than owning a home.

  11. Owning vs. Renting Home Maintenance:Someone else does your repair work!

  12. Owning vs. Renting Car Buying or leasing depends on your situation and other options: • How long will you keep the car? • How much do you drive? • How do you treat your car?

  13. Owning vs. Renting Questions?

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