Why should I buy instead of Rent? This is a great question and one so many have asked. Here are our Top 5 Reasons!
- Lower Monthly Payments: The cost of rent is expensive in west Michigan! You can actually own a home for less money than you can rent each month. This is because of todays all time low interest rates.
- Predictable payments: When renting, your rent will likely go up each year or every time you sign a new lease. But if you get a ﬁxed-rate mortgage on a home, your mortgage payment will never change.
- Appreciation: Home values have increased historically an average of 5% a year. So you are building equity and assets. Paying your mortgage every month is like a forced savings account – you’re investing in your home, and its value increases over time. While your rent money goes directly to your landlord.
- Tax beneﬁts: Homeowners can deduct mortgage interest and property taxes on their tax returns. This is an easy tax break.
- Help you retire: If you buy a home, the idea is to eventually pay it off and be mortgage free. Which would ultimately reduce your monthly expenses, which in turn helps you when you retire.
Are you still on the fence? Do you think you need a lot of money saved and high credit scores to be able to qualify to get a loan? Well, you might be surprised! So don’t just guess, call us today! We can help turn your dream of homeownership into reality or at the very least we can help you get prepared to be able to buy a house sooner than you actually think!
We're April and Jean and we love helping people get into a home that fits their lifestyle. We call it "Right-Sizing", whether that is moving up to a bigger home or downsizing into something smaller. Let us know how we can help you make your real estate dreams come true.
2850 44th Street SE
Grand Rapids, MI 49512
schedule your free consultation