subject: Why You Should Be Buying Instead Of Renting [print this page] Owning a house has always remained an American dream along with all the amenities of life to spend quality time with your family. Despite the fact, most of the Americans would love to own and purchase their own houses yet live in rented homes. Often you would hear somebody mutter the words that not everybody needs to own a house because many people either not prefer or cut out for acquiring the ownership of a home. There are many reasons to that and yet many people might be wondering what they are. In this article, some of that reasons and why a person should prefer owning the house instead of renting discussed would reveal the difference of owning or renting a house.
Your bad credit report is the first reason to that of not buying a house of your own. On the other hand, if somebody has good shiny credit history goals of ownership of a house are not difficult to conceive and achieve. Bad credit effects on your loan and credibility, in return you end up paying high interests on loaned money. It is feasible to work on your bad credit history before you plan to buy a house.
During the course of recession in housing market, many investors have decided to jump into the business of buying houses. Investors and homebuyers are interested in various major cities and sought after areas such as homes Lewis center or homes for sale Granville. Real estate agents in Columbus are advocating and enticing their prospective clients by explaining to them the benefits of owning house nowadays. Price ranges have dropped big time and gone back to that of historical 1970s when it was very affordable to own a house. Now is the time to jump and capture the tax credit for homeowners. Real estate agents in Columbus are selling homes that are compensating the price of owning as they have great resale values associated to them as well.
Another important aspect of owing a house in either Columbus or Dublin is saving rent money or due to price-rent ratio. Due to the deflation in the present real estate market, a person can plan to buy his own house rather than renting. Prices have come down to norm and no more inflated. Therefore, investing own house can fulfill your dreams of owning a house eventually. Within an affordable range, investors can buy in locations like home Lewis center or any other. You can compare the figures of a median house ownership to rent and if it is, higher or equal to 15 than it is the time to make a move now. Difference between monthly mortgage and rent payments is comparatively much noticeable since the inflation five years ago.
Renting was a smart strategy while the housing market bubble was rising but now owning the house is a smarter move. Renting a small house might be equal to paying the mortgage or cost of owning a house.
Renting is a good option if your job demands you to relocate often or your job is not stable. Other issues might include not being able to pay maintenance and repair costs etc. However, if your owning cost is much less than renting as the real estate agents Columbus say, owning a house is one of the best and safest bets for the tranquility, peace of mind and good future security.
by: Joe Benedict
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