North Oaks Rental homes: Advantages of Buying vs. Renting

If you are in the hunt for North Oaks rental homes, hold on for a moment and consider the differences between renting homes versus owning. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying Minnesota real estate?

North Oaks rental homes will typically have the advantage that you can get be released of a lease arrangement in about one year's time. This advantage comes at a cost, however, , in that your rental payments will often exceed those of a house payment. In addition, the security deposit for the rental may actually be more than the entry cost required for buying a home after considering all of the down payment assistance programs available. Finally, perhaps the highest cost in renting a homes is the fact that you are helping someone else buy their home with your rent payments helping to make the payments of your landlord.

Benefits To Look For North Oaks Rental North Oaks

The advantages may certainly be worth it, despite the high cost of renting, to rent if you have plans on moving again at the end of your lease. I tend to think that if you buy a home today you should plan on staying in it for a few years while the market develops.

Benefits To Buying North Oaks homes for the First Time Home Buyer

With all of the benefits available to the MN first time home buyer today, it is hard to know where to start in terms of benefits. The State of Minnesota now offers special loan programs through its Minnesota Housing Finance Agency to offer reduced interest rates as well as down payment assistance. Additionally many communities today offer additional down payment assistance loans or grants that both reduce what you need for cash to close as well as reducing your monthly payment.

First Step In The Process

For many MN first time buyers the big question is where do I start? Your very first step to home ownership is to get preapproved for a mortgage. By doing so you find out how much of a loan you are qualified for so that we can search for homes in the right price range.

North Oaks Community Information

Are you planning to make a move to the friendly community of North Oaks, MN? Meandering roads, private cul-de-sacs, and the absence of sidewalks all contribute to the privacy and seclusion of the neighborhoods. Enriched by history, the city is located on the old North Oaks Farm, formerly owned by railroad pioneer, James J. Hill. The North Oaks Home Owners' Association is responsible for the maintenance of roads as well as for recreational facilities and programs. From even the earliest days, the development of North Oaks has been carefully planned to conform with the surrounding natural beauty.

North Oaks Rental homes: A summary

If you have not yet thought of buying a homes I would like the opportunity to discuss with you about the benefits of both renting versus buying. Please take the first step which is to email or call me.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.