Buying Houses compared to renting a house and selling them
Buying houses or renting

Buying Houses compared to renting a house and selling them

 Buying houses or renting

There are plenty of things to consider when trying to decide whether to buy or rent a house. The monthly mortgage on a median-priced home is about $1,200, while the average monthly rent is $950. That’s a difference of $250 each month, or $3,000 every year. Throughout a 30-year mortgage, you’d save $90,000 by buying a house instead of renting. Of course, that’s assuming you can afford the monthly mortgage payments in the first place. For many people, that’s simply not possible. It can be tough to scrape together a down payment, and if you have bad credit, you may not even be able to get a mortgage at all. In that case, renting is your only option. Another point to consider is freedom. By owning a house, you’re the master of it. You can paint the walls, put up wallpaper, renovate the kitchen, and generally make it your own. When you’re renting, you have to ask permission from your landlord for any changes you want to make. Even something as simple as hanging a picture can be a headache. On the other hand, renting comes with its own set of advantages. For one thing, you don’t have to worry about maintenance and repairs.  You also don’t have to worry about things like property taxes or homeowners insurance.

Buying a house is a better option

 And, for many people, their homes are our biggest asset and investment. Your home is likely to appreciate. This is especially true if you live in an area with a strong housing market. Not only will your home be worth more when you go to sell it, but you will also have built up a good amount of equity that you can tap into if you ever need to refinance your mortgage or take out a home equity loan.

Selling your house

If you have a great house in Beaverton, you can easily sell them, you just need to visit https://www.ibuyhaus.com/we-buy-houses-beaverton-or/.  You’ll need to know the basics of selling a house and how to get a good deal, if you managed to get a deal don’t waste time and just make the deal as quickly as possible.