Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified...

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Take Charge and Reach Your Goals

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Transcript of Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified...

Page 1: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Take Charge and

Reach Your Goals

Page 2: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

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.

Page 3: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeIn most cases it’s better to own a home.Benefits of ownership:• Tax benefits• Equity• Stability• Borrowing power

Page 4: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeTax Benefits• Exclusion of capital gain when your house is

sold • Deducting points and closing costs • Home improvements, repairs, and real estate

taxes• Mortgage Interest

Page 5: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeEquity:The portion of property that's actually owned, or equity, also rises over time.

Page 6: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeStability:Know what you’ll owe in years to come.

Page 7: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeBorrowing power:Borrow against your home.

Page 8: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeBenefits of Renting:• Flexibility• Cost• Maintenance

Page 9: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeFlexibility:Pick up and move almost whenever you want!

Page 10: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeCost:Cheaper than owning a home.

Page 11: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

HomeMaintenance:Someone else does your repair work!

Page 12: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

CarBuying 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?

Page 13: Take Charge and Reach Your Goals. Owning vs. Renting The PICPA Pennsylvania Institute of Certified Public Accountants PICPA is a professional association.

Owning vs. Renting

Questions?


PICPA MMR, Metro Chapters join€¦ · PICPA MMR, Metro Chapters join THE. PICPA National President’s Message For the 73rd PICPA ANNUAL NATIONAL CONVENTION (ANC) Held in BACOLOD

PICPA MMR, Metro Chapters join€¦ · PICPA MMR, Metro Chapters join THE. PICPA National President’s Message For the 73rd PICPA ANNUAL NATIONAL CONVENTION (ANC) Held in BACOLOD

Hidden costs of owning and renting a home

Hidden costs of owning and renting a home

Financing Higher Education - Weeblyeconexperience.weebly.com/.../financing_higher_education.pdf · 2019-09-17 · 2.1 Financing Higher Education, Renting vs. Owning, Insurance and

Financing Higher Education - Weeblyeconexperience.weebly.com/.../financing_higher_education.pdf · 2019-09-17 · 2.1 Financing Higher Education, Renting vs. Owning, Insurance and

Housing counseling · 2017-08-23 · HOUSING COUNSELING 8401 Colesville Rd Suite 450 Silver Spring, MD 20910 [ 0 ] ... financing, maintaining, renting, or owning a home. Providing

Housing counseling · 2017-08-23 · HOUSING COUNSELING 8401 Colesville Rd Suite 450 Silver Spring, MD 20910 [ 0 ] ... financing, maintaining, renting, or owning a home. Providing

6.2 Renting or Owning a Home. Cost of Home Ownership Terms/Information to know: Expenses to a homeowner Two less obvious expenses: Depreciation.

6.2 Renting or Owning a Home. Cost of Home Ownership Terms/Information to know: Expenses to a homeowner Two less obvious expenses: Depreciation.

Bradley University and Georgia State University. OWNING ......• More than 60-65 percent of the time, owning is usually more cost effective than renting. • Less than 60 percent

Bradley University and Georgia State University. OWNING ......• More than 60-65 percent of the time, owning is usually more cost effective than renting. • Less than 60 percent

Unit 6 Renting vs. Owning

Unit 6 Renting vs. Owning

Shared Equity Housing: Something in between Renting and Owning

Shared Equity Housing: Something in between Renting and Owning

I Renting versus Owning L and the Role of Income R E Risk ...

I Renting versus Owning L and the Role of Income R E Risk ...

Renting vs. Owning

Renting vs. Owning

THINGS TO CONSIDER WHEN BUYING A HOME · 2018. 2. 27. · financialsense than renting it.” What proof exists that owning is financially better than renting? 1. Here are 5 financial

THINGS TO CONSIDER WHEN BUYING A HOME · 2018. 2. 27. · financialsense than renting it.” What proof exists that owning is financially better than renting? 1. Here are 5 financial

Mortgage Questions By: Vennugha & Ahmad. Renting to Owning 1)Purchasing your own home may be the single biggest investment you’ll ever make, one that.

Mortgage Questions By: Vennugha & Ahmad. Renting to Owning 1)Purchasing your own home may be the single biggest investment you’ll ever make, one that.

RALEIGH PLANNING COMMISSION CERTIFIED RECOMMENDATION · family to dense multi-family. Keeping the market well supplied with housing will moderate the costs of owning and renting,

RALEIGH PLANNING COMMISSION CERTIFIED RECOMMENDATION · family to dense multi-family. Keeping the market well supplied with housing will moderate the costs of owning and renting,

Take Charge and Reach Your Goals. Financial Tips for College PICPA The Pennsylvania Institute of Certified Public Accountants PICPA is a professional.

Take Charge and Reach Your Goals. Financial Tips for College PICPA The Pennsylvania Institute of Certified Public Accountants PICPA is a professional.

the Benefits of Renting vs Owning

the Benefits of Renting vs Owning

Pequannock Township High School Unit Six Renting vs. Owning.

Pequannock Township High School Unit Six Renting vs. Owning.

PICPA Message

PICPA Message

Renting or Owning a Home Chapter 9. What do you know about renting a house or apartment? Lease terms, landlord and tenant responsibilities, deposits,

Renting or Owning a Home Chapter 9. What do you know about renting a house or apartment? Lease terms, landlord and tenant responsibilities, deposits,

PICPA Income Tax Pas Tax2

PICPA Income Tax Pas Tax2

Managing Debt. The PICPA The Pennsylvania Institute of Certified Public Accountants (PICPA) is a professional association of more than 22,000 members.

Managing Debt. The PICPA The Pennsylvania Institute of Certified Public Accountants (PICPA) is a professional association of more than 22,000 members.