AgentOwned Realty
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3 Key Reasons to Buy vs. Rent

Posted By: Donna Andreano In: Buy vs Rent
Date: Tue, Aug 16th 2016 11:07 am

If you think you are stuck renting and can't buy a home...think again!

There are three key reasons to Buy a home instead of Renting someone else's home.

1)  Interest rates on mortgage loans are at Historic Lows!  The rates would have to go up 10% in order for it to be cheaper to rent!

2)  You can get a tax write off for paying your own mortgage - You can't get a tax write off for paying someone else's mortgage!

3)  For a rental you have to pay upfront: the 1st month's rent, a security deposit and sometimes the last month's rent.  AND you have to have good credit!  If you have good credit and money for a 3.5% downpayment - you may as well look for a home to call your own!  

Wouldn't it be nice to paint the walls any color you'd like?  Wouldn't it be nice to hang art and decorations instead of worrying about what the landlord will allow you to do?

I can give you some more reasons to buy a home while the rates are still low.  I'd love to hear from you and help you live the dream of owning your own home.  I love working with first time homebuyers!  

You can contact me, Donna Andreano, at 843-256-3348 or donna.andreano@agentownedrealty.com 

You can browse the internet for homes for sale in Charleston in any price range on my website at yourhomeincharleston.com