Mantoloking Shores Beautiful Bayfront Community and only steps away from your private beach community


A Rare Gem in the heart of Fair Haven

Fair Haven

Beautiful waterfront home in Webster Lagoon section of Beach Haven, LBI

Beach Haven


Fair Haven

NEW CONSTRUCTION custom built by Cambridge Custom Homes

Fair Haven

Beautiful Brick Front Colonial


Immaculate kept extended ranch home.


Magnificent Colonial on quiet cul-de-sec.

Fair Haven

Experience the grand appeal of this gorgeous Center Hall Colonial


Magnificent New Construction by HALCYON HOMES

Fair Haven

New Construction by HALCYON HOMES

Fair Haven

Beautiful Custom Colonial!

Toms River

Magnificent Middletown center hall colonial


  • 732-747-0700
  • 732-747-0700

Buying Vs Renting

Are you in the market and contemplating buying or renting? Owning a home is usually the American Dream. There’s a tremendous amount of value in owning a home, especially with interests rates being so low. The biggest difference in owning vs renting is the incredible tax savings and benefits when owning that you don’t receive when renting. Essentially, when renting you are paying your landlord’s mortgage and building equity in their home. Take a look at some of the differences below:


  • Initial costs would be your down payment
  • Recurring costs are expenses such as your mortgage (which most of the time is equivalent to rent), HOA fees (if applicable), property taxes, homeowner’s insurance
  • Price Appreciation (typically 2-3%/year)
  • Building up equity while paying down a mortgage
  • Ability to use equity in home to pay other large-ticket items (ex: college tuition)
  • Tax breaks and credits – mortgage interest deductions as well as property taxes
  • Creative ability to design/decorate the home however you’d like

  • Initial cost would be  1 ½  months’ rent as security deposit and an additional 1 month’s rent upfront
  • Recurring costs are rent payment (and in many cases, utilities, renter’s insurance and sometimes taxes)
  • Rent payment  increases every year in most cases
  • Volatility of home sale prices is not of much concern when renting
  • No tax breaks in renting
  • Fixed costs – larger repairs will usually be the landlord’s responsibility



In most cases, it is usually a better financial decision to buy instead of rent. However, you should consider renting when faced with the following:

  • Your career or lifestyle leads to moving soon or frequently
  • You are being faced with financial setbacks and/or your credit needs time for repairing
  • The market in which you are renting is a very expensive market
  • You do not want the responsibility of home maintenance/improvements
  • Your cash is very profitable in other investments

Rent vs. Buy calculator:

For more information to find out if renting is better for you than buying, or vice versa, call Hubbard Park Real Estate at 732-747-0700 for a complimentary consultation.