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2016-02-14 06:36:42
Buy Dont Rent a Home in Tooele UT

Buy, don't rent a home in Tooele UT. buy dont rent

That's what I tell everyone that calls asking if we have homes to rent. If you can possibly swing it, be a buyer. The time has never been better. Prices are still low in Tooele County, and interest rates have not started to climb much.... yet!

With access to the USDA no money down loans, I can't see how waiting one more day will improve your position. But.... I can see many ways to see how the reverse could be true.

Unless you just can't qualify for a home loan, there are few reasons to wait.

Here is an article I posted some time ago and snippets of other articles by real estate agents from around the country that talk about the benefits of buying versus renting.

Hope they help.

 

Three Excellent Reasons to Buy a Home So You Can Get out of the 'Renting Rut'

Renting a home is a good option for some, but buying a home just might be the best thing for you. When you rent a home, you send money to someone else every month in exchange for knowing that you can call on your landlord when the roof leaks, an appliance stops working or your bathroom faucet breaks. There are some big advantages to buying a house that will help you get out of your renting rut and focus more on your future.


Build Equity

Did you know that when you rent a home, you help someone else build equity? Any changes that you make with your landlord's approval puts money back in his or her pocket. Keeping the yard clean and taking care of routine maintenance builds equity in that property. When you buy a home of your own, you have the chance to build equity of your own, which you can use to obtain a loan later. 

Save On Your Taxes

When you rent a house, you cannot deduct the money you spend on your taxes. Though some states will let you make a small deduction based on the total amount you spend in rent each month, you cannot make any deductions on your federal taxes. When you buy a home, you can save with a few different types of deductions. 

The federal government lets you make a deduction if your home is worth more than what you currently owe on your taxes. If you purchased your first home, you can make a deduction in regards to your property taxes. You can also deduct money that you spend on some renovations and energy saving appliances.

Put Your Personal Touch On Things

As long as you continue renting, you live in a home that belongs to someone else. Your landlord has final say over what you do and do not do. This often means that you cannot make repairs or significant changes without seeking approval first.

Renting a home lets you put your personal touch on things. You can paint the walls any colors you want, rip out the carpet to add hardwood flooring or even make significant changes outside to turn your new home into your dream home.

Now that you know more about the benefits of buying a home and how that purchase can get you out of the rental rut you're in currently, turn to a real estate professional for assistance.

 

 


https://plus.google.com
 11/18/2015 0:06 

 

Buying a Home vs. Renting One
Since the financial crisis in 2008, prospective homeowners are looking more closely at the costs and benefits buying a home. However, the drive to become a homeowner is still very strong. While homeownership may make sense financially, there are an assortme...

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Buying a home vs renting one is a dilemma that many first time prospective home buyers will face. If you are facing a similar question and are unable to fathom the answer, read on to find out how to come to a sensible conclusion. Click Here : http://goo.gl/RbYVo1 #VakilHousing #RealEstate

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Not convinced yet? Need more help? Call me Berna Sloan 435-840-5029. I need to tell you one more time, 'buy don't rent in Tooele UT'. 

 

it pays to buy not rent

 
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