Part 2
Should You Own Your Home? The American Dream Of Home-ownership Isn't Right For Everybody... Or Is It?
Other Considerations:
Maintenance
Buying: Any maintenance must be done and paid for by you. Home maintenance costs average about 1% of your home's value per year.
Renting: You typically are responsible for very little maintenance and maintenance costs when you rent.
Time to Move
Buying: If and when you want to move, you will have to sell your home first.
Renting: Your only concern is fulfilling your lease.
A Place to Call "Home"
Buying: You have the right to remodel and redecorate at your discretion. You own it; you can do with it what you wish.
Renting: You have very little flexibility besides decorating the home. Carpet, wallpaper, paint, etc. are all items that the landlord will change at his discretion with little or no input from you.
We sincerely hope these tips and ideas are of value to you. If there is any way I can be of service, please contact my office @ 240-472-9008.
