Renting news can help you in the decision to rent or not to rent? To own or not to own? These are the questions that inhabit the minds of many young people who are making those first steps to setting down roots. It can be a scary decision whether to rent or buy. On one hand if something goes wrong the landlord can fix it for you, but owning your home gives you a great sense of accomplishment and security.
For some of you it may just come down to dollars and cents. Putting a down payment on a home is a lot more costly than a small deposit on an apartment. If you are on the fence about buying your first home, here is some news that might help you make the decision. For more help contact Colorado Horse Property.
Renting News
- Interest rates in Colorado have been at an all-time low and show no sign of changing anytime soon. If you get a home now you can be locked-in at these great low rates for thirty years.
- It is estimated that over ninety percent of taxpayers will elect to use the new standard deduction that is part of the new tax law. This new standard deduction of homeowners.
- In many cases it is cheaper than ever to buy property. This reduction in the effective cost of housing is due to principal reductions and property appreciation.
- In this day and age it is easier than ever to research the history of an area so that you can make more accurate predictions of how a home will go up in price due to appreciation.
- Amortized loans and reduce the balance you owe on a home. The loan applies an amount of each payment you make on your property to the principal amount that you owe to retire the loan over time.What does this financing mumbo-jumbo mean? Think of it as a forced savings account—when you make your payment, the unpaid balance is reduced.
