|
|
|
Faucet Care and Maintenance -- What Every Homeowner Should Know
(ARA) - Consider the number of times you run your hands under it quickly while cooking. What about rinsing plates or filling a glass or pot with water? When the kitchen faucet isn’t working properly, the kitchen doesn’t run smoothly.
Just as...
How Big A Hole Do You Have In Your Wall?
(NC)-Imagine punching a hole in one of your home's outside walls and feeling the cold, dry winter wind rush into your house. Now imagine what all that cold air will mean for next fall's heating bill.
The equivalent of such a hole is...
How To Clean Teak Wood Easily And Inexpensively
How to Clean Teak Wood
As you may already know, teak wood is one of the finest, richest and most durable materials for outdoor furniture. Teak is not only weather resistant; it is also insect resistant and can last for generations! Teak is my...
Owning The House That Won’t Sell
The real estate market is hopping and houses in your neighborhood are selling like hotcakes. You, however, are stuck owning the house that won’t sell.
Owning The House That Won’t Sell
We first need to get some common anxiety issues out of the...
Quick And Easy Bathroom Decor Changes
Are you tired of the way your bathroom looks? Don't feel bad, a lot of folks are in the same boat. The bathroom is one room in the home that can look drab and run down very easily. And what if you don't have an unlimited budget to make changes in...
|
|
| |
|
|
|
|
|
|
Renting Versus Buying A Home
Renters are often in a quandary as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view. Yes, even in the current hot real estate market.
Renting – Advantages
Renting can have a few advantages depending on the part of the country you live in. The primary advantage is your monthly rent payment may be less than an equivalent mortgage. A secondary advantage is the fact that maintenance and improvements to the property are the responsibility of the landlord. Still, these advantages pale in comparison to the disadvantages of renting.
Renting – Disadvantages
The disadvantages of renting are significant. If you have any opportunity to purchase a home or condominium, it almost always makes sense to do so.
The biggest disadvantage of renting is the loss of value. Assume you rent a residence for $1,000 a month and you live in the residence for two years. You will have paid a total of $24,000 in rent, a pure expenditure. The $24,000 is simply gone and you will have nothing to show for it other than the time you spent in the home. Compare this to what your landlord has gained.
Rent payments are closely aligned with a landlord’s mortgage payment. Using the above example, lets assume your $1,000 rent exactly equals the mortgage payment. For two
years, you have indirectly paid the landlord’s mortgage, helping them build equity in the house by paying down the loan. In addition, the landlord has benefited from the appreciation of the property.
By appreciation, I simply mean the amount of increase in the value of the house. If the rental appreciated $20,000 in two years, the landlord has received a windfall. They may have seen a gain of $24,000 in appreciation and payments lowering the mortgage. As a renter, you have made this all possible. The landlord no doubt would like to thank you.
Now, what would have happened if you had purchased a similar home with similar financial figures? You would have seen an increase in YOUR wealth of $24,000, not the landlord’s wealth. If you renting, these figures should make your teeth grind.
If you are renting, you should be out shopping for your own property. After all, isn’t it time to make your money work for you, not a landlord?
About the Author: Raynor James is with http://www.fsboamerica.org - an online site providing national exposure for sellers listing properties and a database of properties for buyers.
Source: www.isnare.com
|
|
|
|
|
| Lowe's Home Improvement |
| Retailer of a complete line of home improvement products and equipment. |
| www.lowes.com |
|
| Do It Yourself Home Improvement, Repair, and Remodeling ... |
| Doityourself home improvement and diy repair at DoItYourself.com. Includes diy home improvement projects, home improvement how to, home repair, ... |
| www.doityourself.com |
|
| "Home Improvement" (1991) |
| Home Improvement on IMDb: Movies, TV, Celebs, and more... |
| www.imdb.com |
|
| Hometime: Home Improvement, Remodeling and Repair |
| Hometime features step-by-step information to home improvement, remodeling, and repair. Projects include decks, kitchen and bathroom remodeling, landscaping ... |
| www.hometime.com |
|
| Home Improvement Cyberfans |
| Information on ABC's hit sitcom Home Improvement, it's cast and their acting careers. |
| www.morepower.com |
|
| Home Improvement Encyclopedia |
| Home repair, do-it-yourself and improvement advice for hundreds of home improvement projects. |
| www.bhg.com |
|
| the home depot |
| www.homedepot.com/ - 2k - Cached - Similar pages |
|
|
| Home Improvement - Do It Yourself - Home Remodeling | BobVila.com |
| Home improvement projects, featured products, tip library, bulletin board, designer tools, and information about television programs hosted by Bob Vila. |
| www.bobvila.com |
|
| Do It Yourself Home Improvements - Home Improvement Information ... |
| Research do-it-yourself improvements with home improvement information from our website. Search home repair articles by subject, task or location. |
| www.bobvila.com |
|
| Energy Star Home Improvement Toolbox |
| Improve Your Energy Efficiency at Home. Use our Home Improvement Toolbox to save money and help protect the environment without sacrificing comfort. |
| www.energystar.gov |
|
| Home Tips: The Web's Most Helpful Home Improvement and Repair Site |
| Free home improvement advice, great remodeling tips, and appliance buying guides by leading home improvement authority, DIY expert and HGTV personality, ... |
| www.hometips.com |
|
| HGTV : Decorating, Remodeling, Home Improvement & Gardening Ideas ... |
| Take a fresh approach to the way you live with HoFind ideas and inspiration from HGTV's videos to transform your home through decorating, home improvement, ... |
| www.hgtv.com |
|
| Home Improvement - Decks, Flooring, Lighting, Tiling, Renovations ... |
| Do-it-yourself home improvement projects and home improvement videos for decks, flooring, lighting, tiling, renovations and more, plus tips and step-by-step ... |
| www.diynetwork.com |
|
| Home Improvement TV Show - Home Improvement Television Show - TV.com |
| Home Improvement TV Show, TV.com is your reference guide to Home Improvement Show. Episode guide, photos, videos, cast and crew information, forums, ... |
| www.tv.com |
|
| Home Improvement - Wikipedia, the free encyclopedia |
| From the outset of Season 2, Tim and Al would make a theme of a particular home improvement project or item on Tool Time by hosting a week long "salute" to ... |
| en.wikipedia.org |
|
| Home Improvement Archive |
| Home Improvement Archive -- Episode Guide, scripts, articles, and much more! |
| www.hiarchive.co.uk |
|
| Free Home Improvement Contractor Matching Service and Resources ... |
| Be matched with qualified and screened, expert contractors in your area in seconds with no obligation now. Improvenet offers the largest free contractor ... |
| www.improvenet.com |
|
| DIY Home Improvement, home repair Tips |
| DIY home improvement, remodeling, house repairs and maintainance Help Center...How To instructions for all your projects. |
| www.alsnetbiz.com |
|
| Amazon.com: Home Improvement: Electrical, Plumbing, Hardware ... |
| Online shopping for Home Improvement from a great selection of Tools & Hardware; Electrical, Plumbing, Hardware, Heating & Cooling, Building Materials ... |
| www.amazon.com |
|
| Home Improvement |
| AsktheBuilder.com: Build and remodel your home the right way. Learn how the master craftsmen of old built things to last. |
| www.askthebuilder.com |
|
|