1
what is a brown payment?
taken their savings to make the down payment on a house"
Is buying a house the grown-up thing to do?
Taking control of your money is the grown-up thing to do.
Want to go to Southeast Asia for half a year on a whim? Selling your house isn’t as easy as getting out of your lease,
packing your backpack, and getting a one-way ticket to who-knows-where. Same goes for work-related relocations.
mortgage payment (including principal, interest, property taxes, homeowner’s insurance, PMI and HOA fees is no more than?
a fourth of your monthly take-home
If you have student loans or credit card debt to stomp out, consider your apartment your stomping ground. Unless your rent is devouring too much of your paycheck
in which case you should probably find a cheaper apartment
Remember how little renter’s insurance cost you? Well, hate to break it to you, but homeowner’s insurance will be a lot more Combine with?
hat with a flood policy, HOA fees, property taxes and higher utility bills, and you’re looking at more monthly expenses.
it is good Rent if you what?
move for work
If you’re in the military or if you don’t plan to stay long in an area, then you should?
rent. In most areas, you’ll need to stay in a house for two to three years to make buying worth the investment.
With real estate, you come out better off when you?
buy the right thing at the right time
Even though you think hardwood floors would look great in the bathroom
landlord may not approve of your renovation idea, especially since they’ll be the one to pay. You have little say in what your place looks like.
Your home will most likely increase in value over time depending on the market and how well you take care of it. What you buy for $200,000 today
could sell for $260,000 down the road
Whether or not you should rent or buy a house may seem like an apples-to-apples comparison if you look at monthly costs alone. In that case, homeownership often tips the money scale because ?
you pay for maintenance, taxes and homeowner’s insurance on top of your mortgage payment. Long-term costs, however, paint a different picture.