Infographic: 5 Reasons To Stop Renting And To Buy Your Home
If you're a Charlotte metro area renter, who's tired of renting and would like to declare your independence and make the transition from renter to homeowner, contact Nina Hollander with Coldwell Banker Residential Brokerage. I can help you turn your rent payments into mortgage payments. We've been opening doors for Charlotte region home buyers for 20+ years!
SEARCH ALL CHARLOTTE METRO AREA HOMES HERE
If you're considering purchasing a home in the Charlotte metro area, I'd love an opportunity to … (14 comments)
why buy not rent: Should You Wait Until Next Year To Buy A Home?
- 02/19/16 03:19 AM
Should you buy a home in 2016 or wait until next year? No one can predict with absolute certainty what the real estate market will do either in the short or long term. We already know that 2015 proved to be an excellent year for real estate investment with real estate, providing the highest rate of return compared with all other investments, including stocks and precious metals. But if you've been thinking about purchasing a home, doing it sooner rather than later might just be a good idea. Here's why:
And while it would appear that interest rate increases might not come … (46 comments)
Average monthly lease prices increased in August 2015 by 3.3% versus August 2014. Average monthly lease prices have increased 8.3% on a year-to-date basis. With the number of active rentals decreasing over 37% in August 2015 alone, it's probably a safe bet that average lease prices will continue to increase in the forseeable future.
5 Reasons It May Be Time To Stop Renting And To Buy A Home In Charlotte:
“the national apartment market’s annual effective rent growth rate of 5.1% in June 2015 represented a 47-month high, and continued a streak of 5.0%-plus rent growth that is now the longest in at least six years, according to apartment market research. The effective rent growth in June 2014 was 3.7%, putting June 2015’s exceptional performance into perspective. This is the highest rate since the … (22 comments)
why buy not rent: They Say Nothing Gets Cheaper In Life ~ Owning A Home Just Might If...
- 07/24/15 01:21 AM
They say nothing gets cheaper in life, but owning a home just might be the one thing that does IF ...you buy sooner rather than later, while homes are still affordable and below their historic peaks and interest rates remain very low. The infographic below from Keeping Current Matters below illustrates just how much cheaper it is to own a home today than it has been since the 1970's. I would challenge you to find anything that is cheaper today than it was 10, 20, 30, 40 years ago.
The chart below shows how home ownership is cheaper today another way ~ namely, … (22 comments)
It's National Homeownership Month in June and here's Reason #7 why you should own your own home:
YOU, NOT YOUR LANDLORD, DECIDE HOW TO DECORATE YOUR HOME
When you rent, your landlord has a lot to say about how you decorate your home... not you. So even though your home might be your "castle," when it's a rented property it's not a personalized "castle" by any means. There are very few rental/lease agreements (maybe, even none) which allow a renter to do anything to alter a home, even cosmetically, without the landlord's advance permission. And if a landlord does give permission, it's often only … (12 comments)
why buy not rent: Another Good Reason Why You Should Buy A Home, Not Rent
- 05/12/15 01:29 AM
Another good reason why you should buy a home and not rent: to build personal wealth, which on average, will be approximately $218,000 greater than if you rent according to predictions by many experts.
Last week I wrote about how quickly rents are rising and how much greater a percentage of your income it takes to pay rent versus a mortgage. But did you know that experts are now predicting that by the end of the year, homeowners' wealth will be about 40 times greater than that of a renter? These are not "small potatoes" we are talking about here.
Combine the cost … (42 comments)
why buy not rent: The Cost Of Renting Versus Buying A Home & How Charlotte, NC Stacks Up
- 05/08/15 02:18 AM
The cost of renting a home versus buying one continues to increase and renting is increasingly half as affordable as buying a home. The chart below from Keeping Current Matters clearly illustrates: That the percentage of your income needed to buy is half that of what you need to rent. The percentage of income need to pay for median rent is going up, while... The percentage of income needed to afford a median home is going down. And let's not forget that home owners have a net worth that is some 30X greater than renters on average. So owning your home … (38 comments)
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