Advantages Of Home Ownership Versus Renting Home
This Article Is About Advantages Of Home Ownership Versus Renting Home
Home Ownership can be less expensive than renting and come with tremendous benefits.
In many cases, the security deposit can more than the down payment required for a home purchase
Landlords ask for two months security deposit plus first months rent which can be equivalent to costs in buying home
Besides the down payment, there are closing costs that come with any home purchase
Appreciation Advantages Of Home Ownership Versus Renting
Just like with everything else in life, for every pro, there is a con and being a homeowner also comes with responsibilities of maintaining home as well as needing reserves in the event if something goes wrong.
Repairs And Maintenance As Homeowners
Whether it’s a simple house call from a plumber, repairs for a well and septic system, the air conditioning units running at full blast and breaking down during the summer months, the bottom line it costs money lots of money.
Advantages Of Home Ownership Versus Renting And Maintaining Home
Disadvantages Of Home Ownership
Homes do not sell overnight and even if it is sold, it takes a good 30 to 60 days to close on a home loan.
Cost Of Homeownership
The truth of the matter is home buyers should be conservative when purchasing their own home and realize the cost of home ownership.