After finally saving up enough money to use as a down payment, I decided that it was time to hit the market. I met with a lender, got pre-approved for a loan, and then started visiting different properties. However, I quickly realized that I didn't know as much about real estate as I would have hoped. I wanted to find a great neighborhood and know what to ask the professionals, but I could tell that I needed a little help. To point me in the right direction, I started working with a great real estate agent who was familiar with the area. This blog is all about educating the general public on real estate matters.
You hear it all the time that it is better to own a home than to rent one. Of course, it is cheaper to own your own home in the long run, however, there are several other advantages to buying instead of just renting. Imagine a life without landlords showing up unannounced or having rent raised at a time when you are financially strapped for money. Below is a list of just a few of the many advantages to owning your own home versus renting one.
Having Repairs Done When You Need Them Done
When you are renting a home, the basic maintenance and repairs that need to be done often fall on the shoulders of your property owner. In some cases, this could be a good thing. However, what if you need a repair done right away and there is no one around to do it for you? Having a property owner that is not sensitive to your needs will only add insult to injury when there is a repair that needs to be done. It could lead you to withhold your rent until proper action is taken, which could, in turn, lead you to getting evicted. By buying your own home (from professionals such as those from Bob Parks Auction Company LLC), you cut out the middle man and you no longer have to wait around for someone else to do the job for you.
The Landlord Just Drops By
In most states, a landlord is required to give their tenants a twenty-four hour notice before walking into your apartment. However, that doesn't stop them from just dropping by, which some landlords have the tendency to do. This can put a damper on your day, especially if you were in the middle of showering or your house is a disaster and you haven't had time to tidy up. By buying your own home, you don't have to worry about unexpected visits, so you can walk around in your robe, or sans clothing, as often as you like without worried about an unwanted visit from your landlord.
No Unexpected Rent Raising
Your rent being raised is almost inevitable when you are renting a property. In most states, a property owner is required to give you at least thirty days warning and its usually raised at the end of your lease. However, what happens if you are on a month to month lease? It is possible that your rent can be raised every month. If you buy your home, you don't have to worry about this. You can rest assured knowing that you mortgage is going to be consistent through your entire time living there.
Renting a house could have its short-term advantages. Buying a home, however, can give you the privacy and the financial freedoms that you have been longing for. So, say goodbye to your landlord and invest in your future.Share