| A common term heard and said by many is "your home is your best investment". Although this holds true in most cases there are both negatives and positives associated with home ownership vs renting a property. To help you make a more informed decision on home ownership this article will try to compare the positives and negatives of both renting and home ownership. Owning a home can provide you with the "American Dream" of home ownership. Owing your own home can provide you with a sense of freedom that renting can not. With owning your own home you are free to basically do what you want with improving the home, while being a renter you usually can not do any improvements to the rental property. You can paint the inside of your home whatever color you want, add an addition on to the house, tear out a wall, convert a bedroom to a large walk-in closet and/or bathroom, put up a deck on the back of your house, put up a swing-set for the children in the backyard, grow a big garden, etc... Home-ownership provides many things that you just can't get from renting. Even though a home has tax deductible interest some of those savings will be eliminated by routine maintenance and repair. Things like lawn mowers, lawn fertilizer and just basic property care all require cash a investment the is on going. Along with this routine maintenance and repair comes time lose. If you are currently a renter who enjoys the limited responsibility you have for your property you may want to explore condominium ownership. Condominium owners enjoy all the benefits of owning their own properties but also spend less or no time on basic property maintenance and up keep giving them more free time to enjoy their life. Buying a home may be easier than you think. You owe it to yourself to look into the possibilities. Today's hot real estate market won't last forever. Call 703-891-4509 today for a free consultation and find out how you can become a homeowner. Many of yesterday's apartment renters are homeowners today. With the help of special loan programs, many of today's home buyers are qualifying for mortgages with as little as zero down. In addition, low interest rates are making it easier than ever to get into the home of your dreams. |
