renting: The Value Of Homeownership - 02/20/19 03:11 PM
We have discussed time and again the advantages of owning a home over renting, and not only has the majority of Americans agree to these, but surveys say the same things too. Money spent on a mortgage is money well spent and help build one's financial wealth.

For Americans approaching retirement age, one of the greatest benefits to homeownership is the added net worth they have been able to achieve simply by paying their mortgage!
The Joint Center for Housing Studies at Harvard University focused on homeowners and renters over the age of 65. Their study revealed that the difference in net … (0 comments)

renting: What's The Real Cost Of Not Owning A Home? - 10/08/18 04:02 PM
There are countless reasons why we should have a home of our own. financial benefits, social benefits, emotional benefit, and the list goes on. Today, let's discuss the top 4 reasons backed up by studies.
Realtor.com reported that:
"Buying remains the more attractive option in the long term - that remains the American dream, and it's true in many markets where renting has become really the shortsighted option...as people get more savings in their pockets, buying becomes the better option."
What proof exists that owning is financially better than renting?
1. In a previous blog, we highlighted the top 5 financial benefits of homeownership:
- Homeownership … (0 comments)

renting: Renting versus Buying - 08/27/18 03:27 PM
When buying groceries, people often pick one product out of the countless others because of one reason, they want to spend their money correctly.
Have you ever wondered if you're spending your money correctly on the right mortgage? As Entrepreneur Magazine, a premier source for small business, explained in their article, "12 Practical Steps to Getting Rich":
"While renting on a temporary basis isn't terrible, you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight, but by renting, you're paying someone else's mortgage. In effect, you're making someone else rich."
With home … (0 comments)

renting: Is Buying Cheaper Than Renting? - 08/01/18 02:49 PM
Despite the common belief that renting will save you more bucks, research shows a big gap in between buying and renting wherein for the first time in six years favors going to the former.
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent than buy in any of the metropolitan areas.
It's no surprise, however, that those two metros are … (1 comments)

renting: Do You Need A New Home Before Retirement? - 07/25/18 02:50 PM
Lifestyle changes are dramatic during retirement, so is the change in finances. The question is, "will your home be still a good fit for you after retirement?".There are a lot of factors to consider in order to determine if your current home will still be sustainable after you retire.
According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home.
1. Affordability
"It may be easy enough to afford your home today but think long-term about your monthly costs. Account for property taxes, insurance, HOA fees, utilities - all the things that will be due whether … (0 comments)

renting: Renting Vs Buying Today - 06/12/18 03:37 PM

A shelter is considered to be one our basic commodity, and many got stuck thinking it's just that, a commodity that we need to have and pay for every month. Truth is, it can be something so much more, it can be an investment, a legacy or a source of income. It mainly depends on how you utilize it to your advantage particularly by owning instead of renting.
People often ask if now is a good time to buy a home, but nobody ever asks whether or not it's a good time to rent. Regardless, we want to make certain that everyone … (3 comments)

renting: 10 Tips to Avoid Common Landlord Errors - 12/02/11 01:15 AM
Some very common mistakes are made by landlords everywhere. This is the top 10 common mistakes that you should avoid. These simple tips will also help you to be a better landlord. No matter how bad the rental market becomes, always remember, NO tenant is better than a BAD tenant"! Failure to check the tenant's ID! You know something is wrong when the rent for the second month is a challenge to collect. There was a perfect example of this: The tenant paid the 1st month's rent and the 2nd was hard to collect. After a few months the landlord learned … (1 comments)