TheConsof RentingTheyDon't TellYouAbout AUGUST MAIER REALTOR (M) 704 231 6024 | (O) 704 628 SOLD yourangelofrealestat@gmail.com augustmaier.com L E T S G E T Y O U I N T O Y O U R D R E A M H O M E
BUYING VS. RENTING
The benefits of buying a home vs. renting one has huge long term benefits. But we understand that home buying isn't for everyone. Ask yourself what your future goals are and decide if renting or buying is the route to go.
RENT, IF YOU:
PLAN ON LIVING IN THE AREA FOR LESS THAN 2 YEARS. NEED FLEXIBILITY IN YOUR LIVING ARRANGEMENTS
NEED TO WORK TOWARDS SAVING FOR A DOWN PAYMENT AND CLOSING COSTS. STILL NEED TO WORK ON REPAIR YOUR CREDIT SCORE.
BUY, IF YOU: HAVE DECIDED TO LIVE IN THE AREA FOR MORE THAN 2 YEARS. WANT TO CUSTOMIZE YOUR HOME TO TRULY MATCH YOUR AESTHETIC AND NEEDS.
WANT TO BUILD FUTURE EQUITY THROUGH OWNERSHIP. WANT TO SAVE MONEY BY USING YOUR HOME AS A TAX DEDUCTION
SAVINGS IN BUYING
You're always paying someone's
YEAR BY
The following chart is a great example of a 7-year period in which a renter is paying $800/month and sees an average annual increase of around 5% A homeowner who purchases a home with an average monthly mortgage of $1,000 month is locked into the rate for 30 years and ends up paying less monthly than the renter after only a few y
BuyingBonus!
Home buyers don't have to concerned wit increasing pet fees and limitations. Your pets are your family. Home ownersh doesn't come with the restrictions renting
YEARS AFTER TAX SAVINGS YEARLY DIFFERENCE AFTER TAX SAVINGS 1 2 3 4 5 6 7 8 30 800 840 882 926 972 1021 1072 1000 1000 1000 1000 1000 1000 1000 -200 -160 -118 74 28 +21 +72 -50 -10 +32 +76 +122 +171 +222 -2400 -1920 -1416 888 336 +252 +864 -600 -120 +384 +912 +1464 +2052 +2664 THERE WILL BE AN INCREASE
YEAR IN SAVINGS
RENT PAYMENT MORTGAGE PAYMENT MONTHLY DIFFERENCE
mortgage The question is, are you paying yours or your landlords/ The value of buying a home is limitless. Are you in the position to purchase? THE
FLUSH YOUR MONEY AWAY
DON'T
YEARS RENTING MONTHLY RENT ANNUAL RENT 1 2 3 4 5 6 7 8 9 10 1000 12,000 1075 1150 1225 1300 1375 1450 1525 1600 1675 12,900 13,800 14,700 15,600 16,500 17,400 18,300 19,200 20,100 Year after year you can be throwing away well over $10K+ month with monthly rent.
LET ME GUIDE YOU THROUGH THE PROCESS OF
homebuying
I understand that buying a home can be an overwhelming process but I happily specialize in helping first time home buyers get out of the renting cycle. You deserve to live in the home of your dreams, pay YOUR own mortgage - instead of someone else's, and start building your future equity.
Let's get in touch and see what your future plans are so we can coordinate getting you into the right home. I'll gladly walk you through questions about your credit score, down-payments, closing costs, home tours, and more. Live the American dream in a dream home. Get in touch today!
AUGUST MAIER REALTOR (M) 704-231-6024 | (O) 704-628-SOLD yourangelofrealestat@gmail.com augustmaier.com