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Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

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Presentation on theme: "Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association."— Presentation transcript:

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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