Dec 31, 2014
Purchasing a home often takes years of planning and careful consideration. Buyers typically search for homes for 12 weeks and use a variety of sources for research before deciding to buy a home. However, many renters are not nearly as thorough in their research. Like any other big commitment, careful consideration and understanding is required. Here are ten things every renter should know before renting a home or apartment.
With the exceptionally low mortgage rates available, house payments — including taxes and insurance — are often less than the market rent of a home. After appreciation, forced savings due to amortization, leverage and tax savings, the actual cost of owning a home could be half the cost of rent. Check out your net cost of housing here.
For more information on purchasing a home, and the advantages of buying versus renting a home, contact the helpful real estate agents at Hilton Head Island Real Estate Brokers.
If you want to make a little piece of The Island your own, you need more than just a road map and a REALTOR. You need a partner who can make things happen.
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