Carolina Plantations Real Estate Blog

Buying Pays Off Bigger Than Renting

So you’ve been renting a place for a while now and you’re wondering if you should be buying a property while the rates are still low? We can answer that in one word – YES! There has never been a better time to make the jump to home ownership than now. The Brunswick Forest properties that are available would make a perfect first home for anyone. Many of these are homes that you can grow into as your family size increases.

Brunswick ForestRegardless of whether you’re married or single, you can still become a homeowner. When you rent you are throwing your money away and paying for a temporary roof over your head. When you purchase a home of your own your monthly mortgage payments go towards full ownership of the house. The bank or mortgage company gave you the money to buy the home and you’re basically paying them back each month plus interest. You can deduct the interest on your federal tax form each year and in the beginning it makes up the majority of the payment.

Renting might be fine for temporary housing but if you’re planning on staying three years or more you should purchase a home. The place you buy doesn’t have to be your dream home. It doesn’t even have to be the house big enough to hold all those kids you hope you’ll have someday. It just needs to be a suitable house for right now. A villa, condo, or townhome is fine.

There are many Brunswick Forest homes that would be  perfect homes for the first-time homebuyer and the seasoned buyer alike. You really should get in on the real estate investment opportunity presented by today’s economy. In a few years, when the economy has improved, if you’re not happy where you are, you can put that house on the market and sell it for a profit. That profit will enable you to buy bigger and better and be one step closer to your dream home.
 

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