The two don’t really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord for housing.
Owning a home has many benefits. When you make a mortgage payment, you are building equity. And that’s an investment. Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities- like insurance, real estate taxes, and upkeep- which can be substantial. But given the freedom, stability, and security of owning your own home, they are worth it.
EL BATAL GROUP comes with over 30 years of experience in the Real Estate industry within the Canadian and Egyptian markets. We focus our efforts on providing our homeowners with the most relevant and lavish lifestyles. We aim to be renowned for our excellence, credibility, and expertise in the industry. Our projects are present in the East, West, and mid-Cairo, and are inspired by both western architecture and Egyptian mystique.