Owning a home that you live in is an expense, not an investment. An investment is one that generates cash flow. Sure, there are some benefits of owning a home, but when you factor in the costs, tying up large amounts of capital, illiquidity of the home, and that house prices don’t...
Owning a Home Homeownership brings tangible and intangible benefits. Not only do you have your own home, but you can make decisions about the look and design of your space. You also get a sense of stability and pride of ownership. Keep in mind, though, that changing your mind about wh...
Owning and renting each have their advantages, but what’s best for you depends on your circumstances. Here are some things to keep in mind as you weigh the benefits of renting against the benefits of owning. Owning a home is a financial commitment that requires you to plan ahead and refle...
Owning a home seems to be one of life’s “I’ll do it b/c that’s what everyone else is doing…” style of decisions. I know lots of new homeowners who spew the “throwing money away” mantra or some other variety of “logical reasoning” and then complain about the fact that ...
True success in America means homeownership. Sure, owning a home comes with a lot of great perks. The freedom to do whatever you want with your place, tax breaks, no horrible landlord, and the feeling that you’ve achieved the American dream. All of these things still apply, but they ...
The amenities offered inside a condo unit are often better than those in an apartment. Since a condo has an individual owner or investor, they want a better return on owning the home. This can lead to improvements being made that increase their rental income. ...
The article discusses the benefits and drawbacks to renting or owning one's living quarters in retirement. Owning a home affords more control over one's lifestyle and offers the chance to gain from rising home prices,...
You’ll either have to get down with some DIY or open your checkbook. So renting, while seemingly the same price or even more expensive than owning, might still wind up cheaper. There’s also a huge psychological freedom to renting. You aren’t locked in for 30 years. At most, you pr...
Trulia: Features real estate listings, neighborhood information and tools for evaluating the costs and benefits of renting vs. buying a home. Redfin: Provides property listings, market analysis and tools for calculating home affordability and comparing renting versus buying costs. ...
If you’re still on the fence at that point, I have a couple of simple “rule of thumb” methods to compare the costs of renting vs. buying. Buying – The Positives Let’s start on a positive note. There are plenty of advantages to owning your own home, and if you are considering...