Deciding Whether to Buy or Rent Your Next Home?
If you're considering whether or not to buy a new house, consider cost savings, first. Nationally, at current prices and rents, it is less expensive to buy a home than it is to rent one. Taking into account the costs of renter's insurance, monthly rent, utilities, duration of time spent in your home and today's incredibly low mortgage rates, buying a new home has been estimated to be as much as 40% less expensive than renting an equivalent home, translating into thousands of dollars every single year. As rents continue to rise, homeowners can fix their monthly mortgage expenses for thirty years. As an added bonus, most experts predict appreciation in home values in the foreseeable future.
Buying a home has additional benefits as well. Improved energy efficiency in new homes decreases the cost of your utilities and leaves a smaller environmental footprint. Owning a home means you can decorate and customize your space without worries, and enjoy the security of making your space your own without the intrusion of a landlord. Home ownership allows you to save automatically, putting money away each month as you pay your mortgage, and offering you the peace of mind in knowing that, should you sell in the future, you'll walk away with cash in hand.
Buying a new home beats renting each year in so many ways, as you take an annual tax deduction for your mortgage interest payments, and unlike rent, a fixed mortgage payment that won't go up (even if inflation does). Invest in your future, and make the smartest financial choice today by buying a new home lovingly crafted by Platinum.