The Benefits Of Renting Vs. Buying

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What are the benefits of renting compared to buying. For my college teammates that are renting a house are the smartest economical option for them. Renting and buying a house as a lot of variables that play into it. For example, your age, finical situation, location and the lifestyle that you choose to live. For my teammates renting a house with multiple members of the house is perfect. They all can equally split the rent and it 's a block away from the college. It may not be as perfect as it seems. Problems they run into are the lifestyle changes. For example, they cannot be noise college kids Because they took the responsibility of living on top of a family. They have too be considerate that family has to wake up early to go to work or …show more content…

The first thing most people consider is what price can they afford. There are many websites that you can choose to help you figure out a loan price that fits you the best. “The New York times” has one that is every helpful and easy. It allows to to put the prices you are thinking about buying and calculate them to see if renting or buying a home Is better for you. Another decision is what kind of house you are looking for. On econedlinked.org it lists many modern houses that are on the market today. For instance, there is single family homes, multiple family homes, mobile homes and many more options. Many people want to buy a home similar to the one they grew up in. The home i grew up in is heavily wooden, as a child, I really enjoy that factor of my home. When I am ready to look for a home for myself, I would love to live in a home similar geological appearance. A lot of buying and renting home prices is based off the location of the home. For instance, Colleen Watson my cousins rents a home in Bradley beach, it is a block away from the shore and its a single family home. She plays around fifteen hundred dollars a month. The price is that high because of the location she is at. It is such a desired location because of the beach being right there and the surrounding beach towns. For instance Belmar one of New Jersey prime beaches because of all the events and activities that surround it. …show more content…

Most commonly found in apartment complexes are in-ground pools and fitness center, most of the time it does not cause the tenants extra to use these amenities. Tenants also don 't need to upkeep the just enjoy the benefit of using these amenities. If you chose to purchase a home and then later wanted to install something like these amenities like an in ground pool or fitness room it would cost you thousands upon thousands of dollars to install and then even more money to upkeep. Another finical benefit is no real estate taxes. real estate taxes are based on the estimated property value of your house. This could be a huge amount of amount if you buy a home with a large amount of land or a home that is heavily desired like down the beach or a waterfront home. Furthermore there is no unpredictable housing market, you need to deal with. Although many housing market experts are saying the market is making a full recovery many are disagreeing. When buying a home, the homeowner is taking a chance that the house will sale again on the open market. In the positive about buying a home, the value of your home can rise in value anywhere from 4% to 6% every year. Even if your home dose doesn 't increase in value you can build your equity as you pay down your mortgage if your home remains its value. When asked one of the most important feature of owning a home is the fact of it is yours. Homeowners enjoy the fact that they own

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