Renting a home or apartment may seem like a good idea at first, but look at some facts about renting versus owning.
Owning gives you lots of freedom! You can play your stereo as loud as you want, paint the walls any color you wish and do the laundry any time. When you own a home there is not an extra fee for pets or any restrictions on how you can decorate your home. When you make improvements to your home you get to enjoy your investment for as long as you are there.
The main reason for owning vs. renting is the cost. What is the real cost of renting? Let's look at this example. At $1200 per month, with the average 3 percent rental increase per year, you will pay $165,080 over a 10-year period, but have zero ownership in the property. That is money you will never see again. However, mortgage payments on a home lets you build equity which is a ready-made savings plan.
If you're renting, we'd like to talk with you about the homes on the market today that fit your financial position. Contact Kammeyer Realty Group at 317-570-3800 or visit us at www.KammeyerRealtyGroup.com.
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