Should I Buy A Home in Fayetteville NC or Should I Rent??

Real Estate Broker/Owner with McKinney Realty Group

Should I buy a home in Fayetteville NC or should I rent??

I hear this question all the time.... I am working with first time home buyers right now that are weighing the options between the two.
Melissa McKinney
Reasons to buy:
1. The interest that you pay on your mortgage is tax deductible, and we can all use a break on our taxes!
2. The home is yours to improve on how you see fit
3. The pride that comes with owning your own home is not measurable
4. It is one of the most important investments that you will probably make
5. Who you have living with you is up to you, pets included, as long as it does not break the neighborhood covenants

Reasons to rent:
1. If you are not going to be staying long enough to make it worth while then you should rent

The list for buying a home could go on really forever but I think those are the top five reasons to buy a home.  As you see there really is not a lot of benefits to renting.  But here in Fayetteville NC there are a lot of people that come and go rather quickly and it is just not in their best interest to buy.

I think you should probably hop over to my web site and start looking for the home that you are going to want to buy!!

Comments (8)

Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

You answered well Melissa, and I'm glad I asked too!! Thanks, and as always you ROCK!!

Jan 16, 2011 05:48 AM
Liz and Bill Spear
RE/MAX Alliance 513.520.5305 - Mason, OH
RE/MAX Alliance Cincinnati & Dayton suburbs

Melissa, That short time frame until moving would be the primary reason for renting over buying.

Jan 16, 2011 07:38 AM
Lydie Ouellet Dickinson
Realty Executives Tri County, Bellingham MA - Bellingham, MA

Love it. Honest. Simple. True. Matter of fact. Great blog!

Jan 16, 2011 07:45 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Melissa ~  Very good points -- everyone wants their part of the American Dream which is to own their own home.  Makes sense to me . . .

Jan 16, 2011 09:54 AM
Cindy Marchant
Keller Williams Indy NE 317-290-7775 - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Good points Melissa and good question, I get that one all the time too.  Most renters I have had want a house so that they don't hear their neighbors and can do what they want to make the home their own.

Cindy in Indy

Jan 16, 2011 12:15 PM
Shawna Green
Keller Williams Realty-Fayetteville - Fayetteville, NC
The key to your real estate needs!

All good points!  We hear that question alot in this area!

Jan 16, 2011 02:28 PM
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

The reasons for renting make a very short list, indeed!

Jan 17, 2011 02:19 AM
A million thanks for psotnig this information.
Sep 26, 2011 03:06 AM