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5 Steps To Safeguard Yourself From A Real Estate Bubble
As any internet stock investor can tell you, it is no fun to be in a bubble when it bursts. While there is still considerable debate about whether or not the recent run up in home prices represents a true bubble, it is certainly prudent for those in...
A Look at Retractable Awnings
Awnings are popular for many reasons. They not only add style and elegance to both residential and commercial buildings, but can also greatly increase energy efficiency. The combination of these factors has made awnings one of the favorite...
How To Find A Real Estate Agent
You may be of the opinion that you don’t need a real estate agent and that using one will add to the cost of buying your new home.
The fact is that a real estate agent’s fees are typically paid by the seller of the home. So, as a buyer, you...
Real Estate Marketing -- The Importance Of Listing Language
Mr. and Mrs. Buyer have just seen a listing photo of a house that's right up their alley. It seems to have the features they want, and it's within their price range. Now, continuing in the process, they read the details. They read what you've...
Real Estate: The Ins And Outs Of Becoming A Real Estate Agent
Getting into the real estate business can be one of the most rewarding, yet tiresome occupations out there. Whether the rewards outweigh the downfalls of the position really does depend on the person looking into the career. If you are a...
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Owning vs. Renting
In the recipe known as the American Dream, it?s one of the main ingredients: Owning your own home. With the real estate market of America in constant flux, it?s not as simple as it sounds to obtain. For those who are just starting out in the credit world, newly graduated with jobs, degrees, kids, or credit cards, the steps towards making this milestone purchase are getting steeper and steeper. The effects can be seen across the country, as more Americans are settling for tract housing, condos, or living in rentals much longer than ever before. Today many 30 and 40 year olds, especially single, unmarried ones, are still living in rental property because the cost of buying a home is ?just too much.? Although the claim is often made that a good mortgage won?t cost you much more per month than paying rent, some renters argue that theory. And they?re right, in a way: the cost of home ownership far exceeds simply paying the mortgage. What about all of those day-to-day repairs, both little (leaky faucets) and big (leaky roofs)?
Someone living in a rental property, whether it?s a home or an apartment, can reasonably expect their landlord to take care of repairs in a timely fashion. If they don?t, per laws in place in every state, the tenant has the right to vacate the property. The cost of property repairs falls strictly on the landlord, not the tenant, provided the repairs were not brought about by any act of negligence or otherwise on the tenant?s part. So goes the rule of rental: You pay your rent, and you keep things in good shape, and if they break, it?s not your job to fix
them.
This is a convenience that is hard to ignore. Having someone mow your lawn, take care of your furnace, and patch your roof? well, it saves money. And work. But even with the massive costs and inconvenience that can come from owning a home, it remains an indispensable fact of life for most Americans. They want somewhere to call their own. Even a leaky, expensive roof that you have to pay for is better than not owning a roof at all.
In spite of the costs involved, the repairs, the down payments, and the mortgages that can last for years, this longing for ownership makes a great deal of financial sense. A homeowner in today?s market has far more pull than those whose biggest financial asset is their car. Owning a home gives you property value, something to borrow against, and something to leave to your children for the future. As prices of real estate skyrocket across the country, and show no signs of slowing, even a modest bungalow in a small town is an investment that you can be relatively at peace with making. After all, human beings are always going to need a roof over their heads; ideally, one they can call their own.
About the Author: Kirsten Hawkins is a real estate expert from Nashville, TN. Visit http://www.king-of-real-estate.com/ for more information on real estate, mortgages, and finding the house of your dream.
Source: www.isnare.com
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