Contrary to popular belief, there are pros to renting vs. home ownership. Proponents of renting value the flexibility it offers – especially for short term stays. Renting also ensures that unforeseen home repairs won’t derail your savings.
While most understand the long-term benefits of home ownership, it may feel out of reach due to massive cash down payments and the added expense of maintaining a home. Those who can’t qualify for financing due to a lack of savings, other debts, or poor credit simply have no other choice. Since renting does not provide the opportunity for generating wealth like home ownership does, many encourage renters to jump off the merry-go-round as quickly as they can. We take a more balanced approach. Before you renew your lease, ask these 5 questions to see if home ownership could be in your future.
0 Comments
Homeownership provides a pathway towards building wealth and controlling monthly housing expenses with a fixed-rate mortgage. However, homeownership isn't a fairy tale ending free of future plot twists. Appliances fail. Systems break. Life happens. But a home warranty program may protect your wallet from the little goblins lurking to derail your finances with system failures.
Let's dive into the magical kingdom of home warranty programs in Central Virginia. In this in-depth guide, we’ll answer these questions:
By the end, you’ll have all the information you need to make an informed decision on what’s best for you. |
MoreOwning real estate should be a journey of building & preserving wealth through the equity in your home or other properties. Our resources are designed to give current and would-be homeowners tips & trick to maintain, improve & shop for their greatest asset. Your search for value in real estate stops here. Archives
July 2024
Categories
All
|