5 Reasons to Buy at Home at Lake of the Ozarks (Instead of Renting)
The age old question is, "Should I rent, or should I buy a home?" Renting can be a great temporary fix until the option to purchase a house becomes available. Let's look at 5 reasons to buy a house at Lake of the Ozarks instead of renting. 1. No Surprises 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 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 you rent, you are paying a landlord's mortgage payment instead of your own. 2. Tax Savings The first quarter of the year brings about the dreaded tax season. Homeowners have a benefit here as well, in several areas. First-year homeowners can deduct some of the closing costs (namely the origination fees) on the loan. This amount is often over 1% of the total cost of the home, so the savings here can be substantial...