• Realty West Properties

IF YOU ARE RENTING & THINK YOU CAN'T AFFORD TO BUY... ……Think Again

In the long run buying costs less than renting.

Look at it this way:

Every time you pay rent, you are paying towards somebody elses’ mortgage.  Every time you pay mortgage, you are paying yourself.



RENTING

Building Equity
  • Your rental payments go towards paying the your landlord. For, whatever.

  • Payments you make on your rental don’t benefityou other than keeping a roof over your head.

  • The longer you rent, the longer you put off building equity.

Shifting Community
  • Renting means that your neighbors revolve frequently.

  • Getting evicted can make it impossible for you to buy AND rent in the future.

Guarantees?
  • Your rent can and probably will go up.

  • The longer you stay, the less you get.  Landlords will tell you: the dream renter is someone who will stay for a long time and not ask for much.  Is that you?

  • Updates, painting and edits to your space aren’t allowed without landlord permission and you could be fined for making them.

  • You have no control over the possibility that your home may be sold or foreclosed upon.

  • If you have a pet, it is probably harder for you to move or find a new rental. And if you want a pet?  You may not be allowed to make that choice!


BUYING

Building Equity
  • Your first mortgage payments go towards paying the interest on your loan.

  • BUT each payment you make also increase yourshare in your home’s value.

  • Equity = Increase In Your Wealth

Joining a Community
  • Now you are literally invested in your city and your neighborhood.  Awesome!

  • Statistics show homeowners tend to be more invested in their community as well as more organized than their renting peers.

  • Go ahead and get those chickens you’ve been wanting.  We won’t stop you!

Guarantees
  • If you have a fixed interest rate mortgage you will always pay the same amount every month for the life of your mortgage.

  • Your home is yours and what you choose to do IN it, TO it and even ON it is your beeswax. Total freedom is yours.

  • You can sleep well at night knowing that you’ve secured a place where you can live and grow for as long as you want.

  • Decorate, paint, garden and create as you want to.

  • Nobody can make you move except for you.

  • No restrictions on pets, noise or remodeling (other than legal ones!)

Tax Extras
  • You can deduct property taxes and mortgage interest from your taxes.

  • The tax savings alone can make a house purchase more reasonable than renting




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