Buying Versus Renting Dr Phillips Homes For Sale 32819 |32836 | Wendy Morris Realty
Why Buy versus Renting
This may be a trivial question for many. Statistically buying a home get's inexpensive after twelve years of renting. First of all, you are paying the owner mortgage and he or she get's to write if off on taxes. This is what you could be doing tax season and getting a healthy return each year. Typically rent goes up at least 3% each year as from taxes on the home. So here you are faced with the unknown each year of rent escalating.
Many rent because they can have cold feet to buy real estate, bad credit or just plainly their job cannot allow it because of constant relocating. However, bad credit can be upgraded provided you have the mind to grow your credit with the right agency. Another joy, is that you have peace knowing you can plant a tree or flowers. Influencing and setting an example for your kids as they learn the process. Your home value generally appreciates each year. Also, you create equity in your home that you can borrow money for home improvements, buy another property, buy a car or pay off some bills.
Many that own rather renting statistically live in their homes four times longer. This helps to know your neighbors, see the trend of the housing market and community which leads to make decisions to sell, stay, rent out as 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 home owner, you will be pleased with your decision on a home purchase and knowing you are solid in your home. Free of risking a thought of renting and home foreclosing is a worst nightmare. Follow the golden rule, save your money, grow your credit over 700 and contact the right realtor the first time and even in advance so that you may plan ahead. Contact me today at 850 496-6412 for immediate response and ask me how can I do it!
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| Stellar MLS (updated 4/6/20 9:25 PM)
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