Are You Ready to Buy Your Next Home?
Are You Ready to Buy Your Next Home?
Renting vs. Buying
Are you stuck in indecision about whether to rent or buy? If over analyzed, you could be undecided for a long time. The key to discovering your American dream is to think about the good that comes from buying and renting
There will always be opposition in all things. Hamlet often asked himself the question “to be or not to be?” Of course, you have a more heavy decision to weigh called “to buy or not to buy?” Don’t you just love that Connect Realty Fair Oaks lets you decide?
On one hand, renting brings flexibility and convenience. Renters unlike homeowners can move in 60 days or less if they are not tied down to a lease. They do not have to take care of repairs inside, plumbing bills, homeowners insurance, property taxes, mortgage payments, and they will never have to worry about foreclosure!
People who rent usually are college students, people who are not established professionally or financially, or simply because they do not want the responsibility that comes with owning a home. All these reasons are certainly understandable, and anyone who is not ready or fearful of this commitment, will not be ready for 30 years of mortgage payments. If your budget is to tight, you should never force yourself into homeownership.
On the other hand, buying however scary it may seem brings a plethora of financial growth and stability. Even if there are extra bills, and taxes, you are benefiting as the home appreciates in value. Although this economy would prove to be a not-so-good time for many of you readers, remember this: A home no matter what will always appreciate in value over a 10 year life span. And if you would like to consider a more conservative standpoint, a home could very well appreciate in value over the next 20 years! Never a bad deal when you have a roof over your head.
You will also have to consider that you can benefit from borrowing power, and certain tax deductions that come with owning as opposed to renting.
When you consider the opposition of buying or renting always consider your situation—be it financial, emotional, and maturity. Keep in your minds the opposing side, but also see the benefits of owning as well!
Contact our Fair Oaks Realtors for a consultation and we will determine together when and if you are ready to take this important step to grabbing hold of your dream! Our Real Estate Agents with Connect Realty Fairs Oaks want to make your dreams possible!
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