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BUYING VERSUS RENTING

This may be a trivial question for many. Statistically buying a home get's expensive after many years of renting. First of all, you are paying the owner mortgage and he or she get's the benefit of writing it off on their taxes. However many have to start out renting to save for a down payment, I recommend once you made up your mind to buy, you can put your tax return aside to help, sacrifice going in debt for Christmas. Typically rent goes up 3% each year as per local taxes on home owners. So here you are always faced with unknown each year of rent escalating. Many times rent is equal or more than a mortgage payment. Many rent because they have cold feet on home ownership, bad credit or job cannot allow it due to constantly relocating because of employment mission. Bad credit can be upgraded provided you have a mind to grow your credit with the right agency and obedient.  Another joy is that you have peace of mind to plant flowers or grow a garden. Influencing and setting an example for your kids as they see and learn the process. Your home value generally appreciates each year. Also this creates equity in your home so that you may borrow money for home improvements, buy another property or pay off some bills.

STATISTICS   

Many families that own rather renting, statistically live in their homes four times longer. This helps you to know your neighbors, see the trend of the housing market and community which leads to make serious decision to sell, stay or rent out as an investment home or refinance. Education wise much research shows children of homeowners promote higher test scores and graduate at a higher percentage rate than renters. Take it from a homeowner, you will be well pleased with your decision on a home purchase, knowing you are solid and stable in your home. Free of risking a thought of renting a possible foreclosed home is a worst nightmare. Follow the golden rule, save your money, grow your credit over 700 and contact the right realtor by doing research or referrals. Call today at 407 479-8583 for immediate response. Facebook Kevin Sells Florida and Kevin Selling Florida.

FACTS

Rent increase every year

Value and interest write off

Self satisfaction

Example for your kids

 

     



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 5/24/22 11:17 PM) |
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