Renting VS. Buying at the Lake of the Ozarks
Renting an apartment, condo, or house at the Lake of the Ozarks may be a great situation for some people, but for others, it can be extremely irritating for a number of reasons:
The bottom line here is renting isn't always the best option, depending on where you are at in life and the best real estate agent at the Lake of the Ozarks is here to give you the rundown on renting vs. buying at the Lake of the Ozarks. If you have decided you are done renting and are ready to buy a home at the Lake of the Ozarks, give this Lake Ozark real estate agent a call. I can be reached at 573-216-8439.
RENTING
BUYING
Again, if you have decided enough is enough and you are done renting and ready to buy a home at the Lake of the Ozarks, give me a call. I've helped several people find the RIGHT home. I'd be happy to help you too! Call 573-216-8439.
- You can feel like your not making a much of an investment.
- Your landlord may not respond in a timely manner when your rental needs repairs.
- You can't make any permanent changes typically with your rental.
- You may have noisy neighbors.
- Your rent may increase without notice.
The bottom line here is renting isn't always the best option, depending on where you are at in life and the best real estate agent at the Lake of the Ozarks is here to give you the rundown on renting vs. buying at the Lake of the Ozarks. If you have decided you are done renting and are ready to buy a home at the Lake of the Ozarks, give this Lake Ozark real estate agent a call. I can be reached at 573-216-8439.
RENTING
- You aren't really investing in real estate when you rent, versus when you buy, you could be making a very valuable investment that could better your future.
- Rent can increase every few years with inflation and you have nothing to show for the money you put in years down the road. When you rent, you are paying a landlord's mortgage payment instead of your own.
BUYING
- Purchasing and owning a home for more than 2 years can grant a homeowner a "Capital Gains Exclusion" when the home is sold. This means that you can keep profits of up to $250,000 ($500,000, if married) without paying capital gains taxes. See the IRS website for details and requirements of this exclusion. It's a nice benefit for homeowners when they are ready to sell their primary residence.
- By purchasing a home, a substantial investment is made by the homeowner, and it can build wealth over time. While paying the mortgage each month, a homeowners assets and wealth increase. The way it works is simple, but often misunderstood. The amount percentage of the payment applied to the mortgage increase each year, while the interest portion decreases over the life of the loan.
- When you buy a house with a fixed-rate mortgage, payments will stay the same until the home is paid off. When you're done, the house is all yours.
- When enough equity is acquired in a home, the homeowner can shift a credit line that needs to be paid off onto a home equity loan. This can result in substantial savings, as most home equity loans have interests rate 3 to 4 times lower than traditional credit cards.
Again, if you have decided enough is enough and you are done renting and ready to buy a home at the Lake of the Ozarks, give me a call. I've helped several people find the RIGHT home. I'd be happy to help you too! Call 573-216-8439.
Here For All Your Real Estate Needs At Lake Of The Ozarks!
573-216-8439
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