a rental property just puts value in someone elses pocket. My point is that there are numerous questions and very personal answers to and all I can honestly offer is assistance framing the issues. Did you just drop the bucks and buy a home, or are you signing a 6 month to a year contract on a rental apartment or house? Lastly, lets not forget the creative freedom and pride of ownership that comes with owning your own property. . 152,000 / 13,224.49, the following ratios are the suggested guidelines: Price-to-rent ratio of 1 to 15 Much better to buy than rent. To buy or not to buy that is the question. In actual fact, one of the major advantages of a mortgage agreement is that it usually covers a longer time period than a lease which can work in your favor.
If renting appliances seem to fit you best, please, give us a joseph Hellers Catch 22 call! Here are some things to think about. According to a recent Forbes article, if you purchased a home at the start of 1980 and sold it in 2004 you would have seen your investment appreciate 247. If youre tired of paying off someone elses home for them, give me a call for a no obligation consultation and find out how to make your dream of home ownership a reality. In that sense, youve already made a commitment to a fixed schedule of payments for housing whether its in the form of a mortgage or a rental lease. . Is there a right answer? However, no one reading this article lives in a place called national average. There is a lot to be said for home ownership when children are involved, the walls are theirs to write on and no one can complain that they are making too much noise. That means if youre buying a home as an investment, you can do better. It's so exciting and fun; you're arranging rooms and thinking about your life in this new home.
To Buy or to Rent