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5 Major Reasons Why You Should Buy a Home Instead of Rent

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5 Major Reasons Why You Should Buy a Home Instead of Rent By milromadrlr There are times when it is better for a person to rent, but most often homeownership has many more benefits and advantages.

 · For those who have been home owners for the past 50 years, it is sometimes an odd concept to consider renting. But let’s at least consider the facts. Based on the issues above, my sense is that you should really plan on living somewhere for at least six years if you are planning to buy a property.

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Some people just aren’t ready for homeownership for a variety of reasons, and the financial aspects don’t always favor either renting or buying. Even if you think you’re ready for the American Dream, consider the current market, your financial circumstances, and your plans for the future when deciding whether to rent or buy your home.

 · What The Findings Mean To Your Buy Or Rent Calculations. “In the majority of markets, home price appreciation has been outpaced by growth in rental rates.” Blomquist says the evidence points to a clear conclusion. “In the 66 percent of markets we studied, buying a.

With rents going up and interest rates at an all-time low, renters should consider taking the plunge. With rents going up and interest rates at an all-time low, renters should consider taking the.

Trulia found that in 98 out of 100 major metropolitan areas, including Detroit, Atlanta, and Cleveland, buying has become more affordable than renting. If you’re struggling with whether to buy versus rent, consider these 10 reasons to take the plunge into homeownership: 1. You can ramp up energy efficiency.

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If you are on the fence about renting versus buying, check out these 8 reasons you should keep renting (instead of buying a house). You’re Trying to Keep up with the Joneses The first reason you should keep renting is that you don’t really want to buy a house.

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