Are you still writing those checks to your landlord every month to keep a roof over your head, but not accumulating any home equity? If you are still renting because you think you still need a fortune to get into your own home, you should investigate today's real estate market.Consider looking at "fixer-uppers". A property with incredible potential may be in a great location, have large rooms and a big yard, but it may also have dated wall paper & worn carpet. If you can look beyond the surface, you may see a house that could be transformed by a little "elbow grease", paint, and fresh flooring.
Interest rates are still low, which means that mortgage loans are affordable, with payments potentially in the range of your current monthly rent. There are a number of government programs and mortgage packages which require small down payments. Think about it the next time you write a rent check.
A house that is structurally sound with all the systems in good condition may be only a few cosmetic repairs away from being your dream home! Better yet, home that does not show well is usually priced accordingly.
Are you ready to stop renting and look into buying? Now is a great time!
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Buying vs. Renting in Today's Market
