If you need assistance, please call 813-575-1221

Still Renting?

Monday, July 11, 2022   /   by Rachel Queen

Still Renting?

Still Renting Your Home?
4 Facts That Might Change Your Mind

Each year, home renters face the question of whether to renew their lease for another year or determine it is time to buy a home of their own. Over the past couple of years, the US housing market has changed dramatically as home values have soared and interest rates have remained low. So, if you are still renting your home, it might be time to buy instead.

4 Facts About Renting your Home:
  • 1. Rents Are Rising Quickly – Higher priced home values drive higher rent costs. While a 30-year fixed home loan will provide steady monthly payments for the duration, most renters are shocked to see their housing payments rise each year.
  • 2. Paying for Your Landlord’s Equity – As home prices rise, so does the equity in the property. As a renter, you are making the loan payments for your landlord, while they reap the benefit of increased equity.
  • 3. You Get What Your Get – A homeowner can paint, renovate, and customize the home to their heart’s content. A renter must live with the choices the landlord made about décor.
  • 4. No Tax Benefits – Homeowners can deduct the home mortgage interest and property taxes off their gross income, offering huge tax savings.
With a wide variety of home loan programs available, buying a home may be more affordable than you think. If your lease is up for renewal, this could be a good time to consider the benefits of homeownership instead.

  #buyersagent, #buytampabayfl, #charlesrutenbergrealty, #dreamhome, #firsttimehomebuyer, #flrealtor, #homebuyer, #homebuyers, #homeforsale, #househunting, #newhome, #property, #realestate, #tampabayhomechoiceteam, #happyhomeowners

Tampa Bay Home Choice Team powered by Charles Rutenberg Realty
Rachel Queen
1545 South Belcher Road
Clearwater, FL 33764
813-575-1221
2022_1-HBLP_TC_255x222.jpgMRP_Logo_2 (2).png

© 2022 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.12/5/2022 4:30 PM CST
This site powered by CINC: www.cincpro.com