If you are a renter right now in M. you need to seriously consider owning a home, whether single family, condo or multifamily. The interest rates are so low in Ma. in 2016, that the dream of home ownership is closer than you may think. The interest rates will not get lower in the coming years, so if your are the borderline and can afford a home now, it is tie to buy and build equity and really enjoy the advantages of home ownership. If your a renter in Framingham, you are just paying an income and helping landlords get rich. You need to think about yourself and your family, and what is best for them.
As a renter , you are throwing away money every month and not building towards anything of value. In an apartment building , you have to follow all the laws set forth by the landlord agreement or lease (even though the state laws of course favor you drastically as tenant in Ma). When you own a home , you are not only paying down the mortgage and increasing your equity, but you can do what you please at your own home. If you want a pet, you can have a pet, if you want to smoke, you can smoke, and most importantly park in your driveway or on the street in front of yor home with no worries.
These freedoms can only be enjoyed during homeownership. Now is the time to take advantage the low cost of lent money by banking institutions. There are also many programs, FHA and first time home buyer programs for first time buyers too, allowing a smaller down payments in a lot of sitations dependant upon income and credit. There are many benefits that have been opened up to you as a buyer in Ma. that were not there 5 years ago. If you are content in renting thats okay, but you should know that most people i talk to that rent didn't realize that they could buy. This is the time and this is the right environment to buy your first home and live the american dream in Metrowest Ma. in 2016. The important thing to remember is to write out a budget of whsat you can afford to make sure a home in Framinhm will be affordable for you. There are other options if you dont have to live in Framingham, that are more affordable. Milford and Marlborough Ma. are two towns closeby to Framingham, where the costs to buy a home is cheaper. These are great options if you are on the Framingham borderline price point for the home you want. You can live like a King and Queen for considerably less money than Framingham.
Every family and individual has different needs and are in different situations that will affect your Metrowest Ma. home buying options. These are just some things to consider and know that home ownership is not as far away as you think, and may be doable now. F
For a free, no obligation consultation call me anytime to set up a time to meet to discuss your specific situation and needs. I am here to assist you anyway I can.
Sincerely,
Dan Greenberger
RE/MAX Executive
www.dangreenberger.com
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