Today’s interest rates are at their lowest levels. Home prices are more affordable today than they were in the entire past decade. Owning a home is often less expensive than renting – even without looking at the biggest hidden secret to savings. In fact, tax savings and benefits are often unknown to new and prospective home owners. Let me explain. When you pay mortgage interest on your primary...
True, the American Dream sells home ownership as the ultimate benchmark of success, but it’s not true for everyone. Often times, it makes more sense to rent your home than to buy. What makes renting a better option? Renting, especially in today’s rocky housing market, guarantees: Flexibility – Leases usually run no longer than 1 year, while mortgages lock you down for 30...
When you rent, your landlord will be part of your life. That said, it’s imperative you ask the right questions before entering into an agreement with them. 5 (often overlooked) Questions You Absolutely Must Ask What’s the Condition of the Home? Is it held together with duct tape and a prayer? Or have major repairs been done in the recent past – ie: new electric, new pipes, mold remediation...