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The Reality of Renting Vs. Owning a New Home in Charleston SC

January 06, 2016

Tagged as: Home Buying Info

Categories: The Guide  Tools  


In today’s market, it makes so much more sense to own the home you live in rather than to spend your money renting from day-to-day. Lennar has offered six reasons why owning is the best decision for you and your future, and they want you not only to buy your dream home, but to build it with them. Here are their top reasons:

1.   Owning offers you an opportunity to invest in your own future. With renting, you’re investing in someone else’s future.

2.   Homeowners enjoy multiple tax benefits while renters have none.

3.   Owning a home offers a potential return on investment, while there is no investment in renting. It’s basically, Lennar says, “throwing your money away.”

4.   When you own a home with a fixed mortgage, your monthly payments are consistent allowing you to budget and save. When you rent, payments can increase yearly, or sometimes without any notice.

5.   The longer you live in a home and make your payments, you are building equity in your property. By paying rent, you’re building equity in someone else’s property.

6.   Lastly, you have the freedom to customize your living space when you own a home—especially when you build it from the foundation up. Renting restricts you from making your home more convenient and sometimes even from adding any personal touches at all.


There are so many reasons why it’s smarter to own than rent, especially in today’s market when you can purchase a home for less than you’ve ever imagined. Lennar can help you live your dream and build a new home, starting in the mid $100s. Currently, they are building nine communities throughout the tri-county, all of which you can visit daily. There’s Lindera Preserve at Cane Bay and The Coves at Lakes of Cane Bay, Fairmont South, Hunters Bend and Moss Grove in Berkeley County; Royal Palms and Spencer Creek Woods in Charleston County; and Coosaw Preserve and Wentworth Hall in Dorchester County.

To read more about Lennar and new communities they are building in the area, read their cover story in The Greater Charleston New Homes Guide or subscribe for free.


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Thank you for reading and sharing our articles from The Greater Charleston New Homes Guide. Our business is to know Charleston, SC's new home construction, home builders, neighborhoods and homes so we may assist you as you take your new construction home journey. Please take the time to explore our site. The Greater Charleston New Homes Guide is considered the best and most reliable ‘local’ resource to new home construction, buildersneighborhoods, and homes throughout the Lowcountry since 2004.

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Tagged as: Home Buying Info

Categories: The Guide  Tools  

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