Justin Jefferies – LAFM / 7SDCEO, Lodge
Why buy your own piece of earth when you can rent?
In many cities, buying a property can seem unachievable to many. And why should you buy when you can rent? There are positives to renting – you’re not locked into investment property finance and don’t have to cover property repairs, and you don’t have to worry about the life of your investment. However, you’re paying week after week for a piece of earth that you don’t own. Here are the top 3 reasons to buy: 1. You have the freedom to paint the walls whatever colour you want and do renovations without having to ask the landlord’s permission. 2. You can buy an investment property which diversifies your investment portfolio and appreciates in value faster than other investments. 3. Numerous tax benefits apply solely to property owners – depreciation, advertising costs, cleaning costs, repairs and maintenance. So, despite the initial outlay to purchase your home, the benefits are immense. Justin Jefferies who is the CEO of Lodge Technology joined me on The Drive Home to discuss topic.