Buying A Home vs. Renting A Home

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Some great points for those trying to decide about buying vs. renting:

 

Original content by Amanda S. Davidson 0225221517

Buying A Home vs. Renting A Home
In the spirit of June being National Homeownership Month I thought I’d revisit the topic of buying a home vs. renting. Long before I became a real estate agent I was a big believer in buying a home or multiple homes. My belief has only strengthened as the years have gone by. Many still consider it to be the American Dream to own a home and it’s truly not as hard as one might think. Gone are the days of needing 20% down in order to get a mortgage. Home prices are rising, so are interest rates and the cost of renting. If you’ve ever thought about buying a home the time is now!

Renting vs. Buying 

Stability – renting does not give you stability. The owner of the property can decide to sell, decide not to renew your lease, or raise your rent to the point that you decide to move. If you own a home and pay your mortgage, taxes, and insurance on time you can stay in the home as long as you’d like.

Renting vs. Buying A Home 

Maintenance- one perk of renting is that you are responsible for little or no maintenance. That might not be as good as it sounds though because you are at the landlord's discretion in getting repairs made. As a homeowner you’re responsible for maintenance but, also in control of who does it and how it gets done.

Buying A Home vs. Renting 

Customization- making changes to the flooring, updating the kitchen, or changing light fixtures isn’t an option when you’re renting but, it sure is when you own your home. Make it into whatever fits your personality and change it as frequently as you’d like.

Buying A Home vs. Renting 

Initial Costs- renting a place will typically mean coming up with a security deposit equivalent to one month of rent, a processing fee for your application, and your first month of rent. Yes, it is less than making a down payment but, rent is money you never get back. When you make your down payment and then monthly payments on your mortgage you’re building equity.

Buying A Home vs. Renting 


Investment- there is nothing related to an investment when you rent. You’re paying for use of the space and will have nothing to show for it when the time comes to move out. When you own you are making a long-term investment. 

If you are considering buying a home in the Alexandria area and have questions reach out to us for answers. 703-988-1711 or amanda@amandadavidson.com.

 

 

Renting vs. Buying

 

 

Amanda Davidson Real Estate Group

 

 

      

 

Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

6485 Old Beulah Street
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057




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Ambassador
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I love Amanda S. Davidson's blogs and this one definitely applies to each of our areas too, Gabe. Great re-blog!

Happy Wednesday!

Jun 19, 2018 11:21 PM #1
Rainmaker
4,054,896
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I hope renters will read it and learn 

Jun 20, 2018 03:08 AM #2
Rainmaker
4,659,815
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much, Gabe, for sharing this excellent reblog selection.

Jun 20, 2018 04:43 AM #3
Rainmaker
2,789,106
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

This of course has national application and tenants are wise to have a heads UP !

Jun 20, 2018 04:57 AM #4
Rainmaker
1,334,429
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Gabe, thank you very much for re-blogging this. With rent so high in many areas looking into buying is well worth it. 

Jun 20, 2018 04:57 AM #5
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

What a valuable infographic. Many renters just don't know that they are able to buy so should ask the question. Thanks for the reblog, Gabe.

Jun 20, 2018 03:58 PM #6
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my re-blog.

Jul 06, 2018 05:35 AM #8
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments. It’s always good to hear from you.

Jul 06, 2018 05:36 AM #9
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