Top 10 Reasons Why Buying A Home While

Some people might think that renting and owning are pretty similar, but they do have a lot of differences that people tend not to think about. In fact most people don’t do a lot of research on the differences and similarities. Renting a place to live is a wiser choice and is cheaper in the long run, but having a place that you own has a lot of advantages to. Some differences that people don’t think about are maintenance, utilities, and restrictions.

My reasoning behind this is that properties will not yield as much of a return as the utilities and the railroads, and that properties are much more abundant and common that utilities and railroads. Later, I started buying some properties on the red and orange sections of the board, as they seemed to be the most commonly landed areas on the entire board. I also relied on luck, such as landing on “Free Parking”, and pulling a “Chance” and “Community Chest” card that would be helpful to me. If I were to play the game again, I would try to start building three houses on my properties as quickly as possible, which would ultimately cause a housing shortage. This would end up restricting the availability of houses to owners of high rent colour groups. I would have also tried to buy all my properties as soon as possible, as I did not realize how long the game can extend for. I ended up coming in 1st place in my group, as I had the most cash and both utilities, among having a handful of

Be a visionary in your real estate purchases. You can create instant equity where virtually none existed before with a little creativity and hard work. For example, a quick paint job can put a property in prime condition for selling, as can landscaping. A quick fixer-upper can mean a quick and profitable

Full time student and soon to be graduate, Kyle David Bellini, has many opinions regarding the renting versus buying a home debate. As he is studying real estate at the graduate level, his education has given him more insight into the matter than most. There are definite pros and cons

As you see there are definitely pros and cons when deciding if renting or buying is right for you. When you rent, you don’t have the responsibility of maintaining the home, you aren’t worried about improving the interior or exterior of the dwelling, you don’t have to pay taxes on the home, and you aren’t faced with the possibility of losing the capital put into the housing market, or the possibility of foreclosure if a mortgage payment is missed (Should you rent or own). But on the flip side, when owning a home the equity in the home can be converted into money if refinanced or sold. Over the years, if kept well, real estate property increases in value and therefore this asset will up in value the longer the property is held (Should you rent or own).

Some of the renting and owning advantages and disadvantages that need to be considered are; The financial obligation. When you rent you commonly have a one year lease, or less, so you are only financially obligated to pay the agreed upon rent for a year, after that you have the choice of signing another lease, or moving somewhere else. When you buy a home, you are obligated for 15, 20 or 30 years. You can sell a house if you need to move, but selling a house is rarely a quick

It would not be a good idea for young adults to start off with a big responsibility, and not be able to fulfill it. Things changes during this time in someone 's life, and because owning your own home is a large commitment. It just makes more sense to start off with renting.

The best choice, in my opinion, is owning their home. While renting has less upfront cost and fewer utilities to pay and no maintenance cost all the payments you make to the landlord will do nothing for them in the long run. The payments you make on a home go towards paying off the mortgage and gaining equity on the home. Once the mortgage is paid in full, there are no more payments owed vs. renting you will never stop paying monthly payments. The property is an investment and will grow in value over time. Instead of helping the landlord pay off their mortgage the money they would have paid for rent, they need to take that money and save for their house. I would rather have my kids stay home for a couple of extra years to save their money to buy a house because once they move into an apartment, it is much harder to save while paying monthly

The desire to own a home in America is very common. As a matter of fact, there is no American Dream without home ownership. Years ago, an economic crisis swept the nation leaving many homeless, jobless, and flat out broke. Many Americans as well as businesses were victims to this crisis. Fortunately, the market has started to recover and regain structure and many have been able to get back to into the home buying market. Millions of jobs are being created and small businesses are beginning to see profits as well. Overall, the economy is in much better shape. There are many programs available to help Americans rent, lease and even own homes. “Rent-to-Own” has become a great option for people that want to get back

When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the

The most attractive benefit of owning a home is the equity one builds through mortgage payments. (Starobin). For the average person, equity in a home, a valuable asset usually

Maybe to them it will be simply easier than to pay off what might be required to pay for the house. Or maybe the dreaded mortgage of which we've all heard of will come to wreak havoc on our day. Maybe they do not want to deal with the little things that come with a house. Like a lawn or a yard that must be continuously maintained. Or the everyday simple problems that can arise in the household that otherwise the landlord would fix. But no matter the pros and cons of the ownership of a

Thesis Statement: Buying a home has many advantages and disadvantages but for many people the good overpowers the bad.

Buying a house provides stability forever unless the owner decides to sell or to move into another home in which the owner gains equity for selling. This is still a huge benefit. Owning a home is a very huge security measure. When a person is an actual homeowner and not a renter he or she can control who actually enters his or her home (Map, 2011). It is easier to purchase home alarm systems and everything that goes on in a person’s home is controlled by the owner. As a homeowner the option of what is allowed and what goes on is controlled by the actual homeowner. If an issue comes up and the owner has to move somewhere else then this is a huge benefit. As a seller a person can earn so much money and it can build equity (Media, 2010). Usually homes sell for way more than the purchase prices, especially if the owner has customized the home, in which was discussed earlier (RP Reality, 2011). The selling price could be a huge benefit to any owner who is selling their home and moving. These benefits cannot be earned by an apartment renter.

Owning a house has become more important than simply having a place to live, or making a sound real estate investment in our society. Buying a house has become an integral part of the American dream. No matter if you are male or female, young or old, rich or poor, what culture or country you are from, everyone has a dream about it; in other words, every one of us wants to own a place that we can live in and create memories in that will last a life time. For a first-time homebuyer, that dream can quickly turn into a nightmare. The whole home buying process can quickly overwhelm the average individual. You’re entering into what could be the biggest purchase of your life with no experience to fall back on. The good news is a little preparation can go a long way and help you approach this decision with confidence. Luckily for you, I have taken the liberty of putting together a guide for the first-time homebuyer. Throughout this guide I will take you step by step through the daunting process of buying a home.