Let's completely ignore the fact that you get a valuable asset at the end of a mortgage and look at the money you pay into the mortgage as rent.
Never seems to be enough good clean rentals. Our company CENTURY 21 Regency Realty, Inc. has a rental department www.Regencymanagement.com but the listings change very quickly so what you see now may not be available when you get here, but it will give you an idea on rental prices.
I have been thinking about you all and have some info below to consider.
My Fort Rucker Real Estate Websites: www.ruckerpcs.com / www.c21Rucker.com /
www.RUCKERHOMESALES.COM / www.Ruckermove.com
I work with a lot of flight school students, some decide to buy town homes or garden homes, as most have pools and yard service included. Not a lot of free time during flight school. Then when they leave they either sell it or hang on to it as a rental investment.
My Enterprise Alabama Real Estate Websites: www.SELLINGENTERPRISE.COM / www.C21ENTERPRISE.COM
Our market here is steady with the helicopter flight school and military families coming and going all year long. You can purchase a town home for what you would spend on a rental unit.
I live in the Fort Rucker area where you can easily get a decent apartment for $600 right now. Otherwise, you could get a house with a $150,000 mortgage at 5.5% for about $850 a month.
Right now, the advantage goes to the renter because they're paying in $250 less a month. But let's move down the road ten years.
My Daleville Alabama Real Estate Website: www.DALEVILLEHOMES.COM
In ten years, with inflation at 4%, that $600 monthly rent has gone up to $888 a month. At the same time, the mortgage hasn't changed a bit - you're still paying $850 a month for your home mortgage. At this point, the renter might argue that they're saving in other areas, like on property taxes and such, so we'll still say that the renter is ahead here. Let's roll ahead ten more years.
At the twenty year mark, with that inflation still at a steady 4%, that $600 monthly rent is now $1,315 a month, while that homeowner is still only paying $850 a month. It's pretty tough for the ol' renter to argue that the deal is better, but the delusion might still happen.
Let's jump ahead to the thirty year mark. The homeowner sends in his last mortgage payment and now has to pay $0 a month. The renter, on the other hand, has seen his rent go from $600 a month to $1,950 a month. Not only that, the renter will have to continue paying that rent in perpetuity - and it'll keep going up with inflation. The homeowner is done with that game.
This doesn't even include the asset value of the home. Even strictly ignoring the asset value of the home, the homeowner is in a better situation at the end than the renter is.
Are you looking for a real estate professional who knows the FORT RUCKER and Enterprise Alabama Real Estate market and can get the results you desire? Let me put my knowledge, experience, and dedication to work for you.
Give me a call today, and I will immediately get to work for you.
As you move towards a possible decision on selling your home, or purchasing a new home in the Wiregrass Area, I hope you'll contact me.
Let me know if I can be of further help in the process.
VIRTUAL TOURS ON ALL MY LISTINGS, Ask me about Cyber Advertising.
Please forward to anyone who may be moving to Fort Rucker in the future.
Click the Link Below: http://audiopostcard-003.com/Y.asp?7189970X1166
Stay in touch, feel free to call with any questions, anytime 24/7.
Sincerely,
Karina Morgan
REALTOR, ABR, GRI
CENTURY 21 Regency Realty, Inc.
(334) 477-2694
www.RuckerPCS.com
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