The rent you pay now adds up to a large chunk of money. For a clearer picture on how large the sum can be consider the following:
First, consider the lost return on investment. Real estate that you purchase may appreciate over time but rental payments will not. Let's calculate what your monthly earnings could be if you invested your monthly rent. For example, if your rent is $800 per month and you invested that amount for 10 years and received a 5% return on investment you would earn $28,225. This doesn't take into account that rent typically increases over time!
Let's look at what you pay in rent. This money could be equity in yourOWNhome.
Let's take a look at some of the other many benefits of being a homeowner:
Paint the walls any color you want...or knock a few down
Take advantage of tax breaks for homeowners (talk to your accountant about these benefits)
You gain equity in the home, not your landlord
Make improvements that benefit you
Get the pet you've always wanted
Throw wild parties, or not:)
Control how long you live there
Personalize the home to fit your style
Never worry about having to move because your lease has expired
You can start yourhome search here, we can even send you a few mortgage lenders to contact. All these services are complimentary so why not see if now is the time for homeownership...you might not be able to afford NOT too!Have more questions? Give us a call/text at Melody 703-785-8203
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
How Fast Can You Save For A Down Payment?Saving for a down payment is
"“From the very beginning of our home search, Melody was helpful, responsive, knowledgeable, and accommodating. We live in Western Loudoun but Melody was happy to drive out here and take us house hunting multiple times. What impressed us the most was how on the ball she is – she responded so quickly to any questions we had, and if she didn’t know the answer or was unsure she took the time to go and research the subject in depth. For instance, we had questions about radon levels and the various water tests needed for well water. She was on the phone calling all kinds of companies and even government agencies to get us answers. She also wasn’t afraid to go to the sellers’ agents with any questions or concerns we had, no matter how small they might have been. She really was an advocate for us, and we knew that she wasn’t just out there trying to get us to buy a house and close the deal, she wanted us to find THE house, and get us the best deal. We had some requirements that really narrowed our pool of homes to choose from but we ended up finding our forever home, thanks to Melody. We had a few hiccups before closing but she was there every step of the way, in regular contact with the sellers agent, title company, mortgage lender, and even handled arranging all of the inspections for us. We would not hesitate to highly recommend her to anyone! ” "