July 15, 2022
Should I Rent or Should I Buy? [INFOGRAPHIC]
A Timeless Question
Realtors® are constantly asked this question – is there more value for me to rent (or continue renting) or is there more value for me to buy? In the short-term, renting can seem more economical, but there are many benefits to homeownership that extend past the here and now.
Some Highlights
- It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home.
- When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.
Whether You’re Renting or Buying
Speak with a Realtor® today about your options and get their take on the local real estate market. Find the Realtor that’s right for you by searching in our Realtor Directory. Still interested in renting or ready to buy? Find your home in the NY Metro region by searching over 40,000 listings, updated daily at www.onekeymls.com.
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From being the first owner, customizing your home’s features, and in some cases getting the chance to watch it being built from the ground up, there are a lot of benefits. Navigating the complexities of buying a home that’s under construction can also be overwhelming. There are a lot of things to be aware of – and this is where a skilled agent makes the difference.
Everyone knows that bathrooms can be messy and cluttered. When you think about décor and design, the bathroom is likely not the first room that comes to mind. Even the most appointed, professionally designed bathrooms can become disorganized easily, especially in a shared space. Sometimes a cluttered bathroom is the result of a lack of storage options and sometimes it’s simply flawed design choices.
Home equity is the amount your home is worth minus the amount you owe on your mortgage.
If you’re thinking of remodeling, you’re not alone. Whether you’’re motivated by a desire to enhance the home’s value for sale or a desire to enhance your quality of life for staying put, updated home features and functionality can be powerful. Remodeling ideally makes home maintenance easier, limiting the amount of future breakdowns and needed repairs. Remodeling, whether by a professional or DIY, can bring a renewed sense of pride to you too!
Following an annual maintenance routine helps you to avoid costly repairs and keep your home a happy, healthy, and safe place to be.
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and your current living arrangements. You’re likely juggling how all of those things will impact the choice you make.
You may have heard that pre-approval for a mortgage is important to do at the beginning of the homebuying process – but why is it so important? Especially in today’s market, with rising home prices and high buyer competition, having a pre-approval letter is crucial to making a successful offer.
If you’re considering selling, this is the best time to do so. Inventory across our region is down and buyer interest is up. To learn more about our local real estate market, and to prepare your home to earn top dollar when its sold, speak with a Realtor, your local real estate expert. They’ll survey your home, create a CMA (comparative market analysis), and discuss what you should and shouldn’t do prior to getting your home listed. (Learn more about CMA’s.)
If you’re currently in the market for a new home, you know that the supply of homes is low. Due to a variety of factors, there are limited options for you to choose from. If your biggest hurdle is finding that perfect place, there’s some good news ahead: New Home Construction is on the rise.
