Toll Free 888-491-7055  --  Local 715-235-0635  Rassbach@wwt.net 

Menomonie's Real Estate Leader

If you don't find what you're looking for, let us know and we'll find it for you!

Search our Properties

• Menomonie

• Colfax, Elk Mound, Ridgeland, Mondovi

• Boyceville, Wheeler, Knapp & Downing

• St Croix County

• Elmwood

• Hunting Property

• Income Properties

• Hobby Farms & Farm Land

• Commercial Development

  ---

• Single Family Building Sites

• Building Sites with Acreage

  ---

• Waterfront Sites

• Tainter Lake/Red Cedar River

FOR ALL YOUR REAL ESTATE NEEDS

2106 Stout Road
Menomonie WI 54751

Phone: 715-235-0635
Fax: 715-235-4461
Toll Free:
888-491-7055

Rassbach@wwt.net

*Menomonie Real Estate

*Dunn County Real Estate; Land

*Waterfront

Pro's and Con's of Buying vs. Renting

reprinted courtesy of Our Family Place

If you are considering buying a house, one of the first decisions you need to make is whether buying a house instead of renting one is the right direction for you. Since owning a home is the "American Dream", many people simply assume that it's always to their advantage to buy a home, and for most, it is. Take a moment to review the following lists to see how your situation fits in.

Renting

• More fixed costs for the term of the lease
• Not gaining equity, but not losing it either
• When the lease is up, you can just move
• There is generally less work in maintaining a home or apartment
• Smaller amount of "up-front" cash
• No matter what happens with the value of the home, you will never gain equity
• Limited - or no - ability to personalize your living quarters
• No tax advantage to renting. Your landlord gets any and all tax breaks that are available

Buying

• Variable costs
• Equity may go up, down, or stay stagnant
• If you want to move, home generally must be sold
• Work needs to be done by you - or paid for by you
• Generally a larger initial investment - the down payment
• Over time, the mortgage balance decreases and equity builds, even if the value of the home does not increase
• The ability to remodel and redecorate the home to match your needs and desires
• There can be tax advantages attached to home ownership. Consult competent legal and/or accounting advice for details for your situation