"I can't take it any more!" I heard on the phone. "My landlord raised my rent again!" Of course I asked for the apointment and was able to sit down with this frustrated renter, help with a needs assessment, and came up with this flow chart to illustrate the home buying process.
Benifits of Renting
-Little or no maintenance responsibility
- Flexibility and mobility at the end of the lease term
- Credit score has less impact on your rent rate
- Low up-front cost
Benefits of Home Ownership
- Build equity and long term wealth
- Pride of ownership
- Sense of community/neighborhood
- Domestic stability
- Freedom to change decor and property features
- Tax advantages: Mortgage interest deduction
- Potential tax-free capital gain when you sell
- Current home prices are low
- 30 year fixed rates are low
- Buyer's market: Lots of good inventory
About The Author: Marty Patrizi is a Realtor with Virtual Homes, Inc. Marty has been buying, selling, building, and renovating properties since 1988 and he can help you acheive your real estate goals. Marty can be reached at 603-781-4099 or email marty.patrizi@virtualhomes.com.
For FREE ACCESS to search all homes for sale in the NH MLS, visit TheNHRealtor
Comments(2)