RKEY,RKEYAre you still renting a home or apartment for yourself or your family,carrera online?

If so, you’re losing money,longchamp outlet. Think about these three ways you lose money by renting:

1,occhiali ray ban. You’re paying for someone else’s mortgage payment,polo ralph lauren. You’re missing out on the appreciation that the property gives to the landlord,longchamp borse. Appreciation is a term used in accounting relating to the increase in value of an asset,abercrombie, which means in real estate terms,abercrombie, added value to the property,abercrombie spaccio. Over the past five years, houses appreciated significantly, making many new real estate investor multimillionaires,ray ban outlet.

2,borse alviero martini. Tenants don’t get to freeze their monthly housing expenses like home buyers can,carrera occhiali. Of course, many home buyers get mortgage payments with adjustable interest rates and their payments go up over time,carrera occhiali. However,carrera occhiali, these payments will not go up over the long term like rising rents,oakley 2013. Just think about how much an apartment costs today compared to ten years ago. A two bedroom apartment in Lake Elsinore,louis vuitton outlet, California leases for $1,ray ban outlet,000 today,abercrombie outlet. The exact same apartment rented for $325 in 1996,longchamp borse, when it was brand new,ray ban wayfarer. Home buyers who had low monthly payments in 1996, who did not refinance their mortgage,occhiali oakley, enjoy low payments and don’t have to worry about rising rents,carrera online.

3. Renters don’t benefit from tax advantages,oakley outlet. Home owners get income tax deductions,borse longchamp. Tax deductions for interest costs, for instance,borse outlet, save tax payers thousands of dollars,ray ban wayfarer.

Emotional Satisfaction of Home Ownership

Besides losing out on making money with real estate,negozi longchamp, renters don’t get the same satisfaction of home enjoyment that benefits home buyers,oakley outlet. Many landlords won’t allow you to paint your walls in colors that you desire,polo ralph lauren outlet. Also,polo ralph lauren outlet, you won’t feel like fixing up the property with custom window coverings and you get little say in flooring materials,abercrombie outlet. Because you can’t make your personal statement,abercrombie 2013, you won’t feel like you’re HOME as much as home owners who feel emotionally connected to their property,oakley outlet.

How to Buy Your First Home

The biggest barrier to home ownership is often accumulating funds for a down payment,longchamp borse. People think they have to have thousands of dollars for a down payment,polo ralph lauren outlet. However,carrera online, if you have good credit and a decent job,longchamp outlet, you can get a mortgage for a home with zero down. And you can finance some of your closing costs as well as ask the seller to help you pay a good portion of your purchase costs. With today’s mortgage finance plans,occhiali ray ban, you may be surprised to find out how much of a home you can afford with payments similar to what you currently pay in rent,louis vuitton uomolouis vuitton borse prezzi.

You may have to go out of the major metropolitan areas to buy a home,louis vuitton borse. That’s why so many people commute in Southern California,abercrombie outlet. Affordable housing costs much less in outlying areas,abercrombie. But so do the rents,carrera occhiali 6000. If you’re renting an apartment for $2,abercrombie 2013,300 in Los Angeles,3 Ways Tenants Lose Money,occhiali oakley, you could buy a $500,ray ban outlet,000 home in Wildomar,occhiali oakley uomo. Our daughter just purchased a home in December 2005 and her mortgage payment,borse longchamp, for a 3,000 square foot new home,ray ban wayfarer, costs less than $2,alviero martini outlet,300. With her tax savings,occhiali ray ban, she will pay even less than renting a small apartment closer to downtown L A,polo ralph lauren.

If these amounts sound high to you,occhiali oakley, check your local area,longchamp outlet. Perhaps your monthly rent is only $1,longchamp shop online,000 and houses cost less than $200,oakley sconto,000,occhiali da sole carrera champion. Talk to a mortgage loan officer and see how much of a home you can afford,occhiali carrera champion.

If you’re renting,longchamp borse, make one of your priorities to buy your own home,longchamp outlet.

Copyright © 2006 Jeanette J,polo ralph lauren. Fisher
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