Renting vs Buying a Plainview, NY House Intro:
Rent vs Buying in Plainview, N.Y.
Should I buy or should I rent?
Both buying and renting have their pros and cons.
Renting
PROS
• Mobility/freedom to move around
• Landlord pays for maintenance
• Doesn’t require expensive closing costs
• No fluctuation in monthly housing expenses
• Allows you to test-drive different living spaces
CONS
• You don’t build any equity
• Limited ability to customize your living space
• Rent could go up over time
• Landlord might sell or decide to stop renting
• Limited sense of home stability/permanence
Buying
PROS
• You build equity over time
• Home value may increase over time
• You may reap tax benefits
• Unlimited freedom to customize your living space
• Sense of home stability/permanence
CONS
• Closing costs can be prohibitive
• The landlord pays for repairs. YOU ARE THE LANDLORD.
• Less flexibility to move. The sales process takes time.
• Home value may decrease
• Recent tax laws could hamper tax benefits
Suggested Videos:
How To Improve Your Credit Score Today So You Can Buy A House Tomorrow
What In The World Is Going On With The Mortgage Rates?
When Is The Best Time To Sell?
Are You Looking To Buy And Sell A House At The Same Time?
Please feel free to contact me with questions
Mark Schreier Licensed Real Estate Agent
Century 21 American Homes Real Estate
Email: Realtor@markschreier.com
Text: 516.263.9094 Syosset, New York
Website:
My Blog:
Making Dreams Come True One Home At A Time.
If you have an interest in residential real estate then this Youtube channel is for you. Learn the ins and outs of selling and purchasing a house from the day you list or start your search to closing and many subtopics and guest speakers along the way. By Mark Schreier Realtor (Licensed Sales Associate) with Century 21 American Homes Real Estate
#RentvsbuyingahousePlainviewNY, #PlainviewNewYorkRentvsBuyingaHome, #RentingvsBuyingHouse
Legal Disclaimer: The information provided in these videos and any accompanying material is for informational purposes only. One should consult with a financial, legal or investment professional to determine what may be best for your individual needs. It's only meant for use as informative or entertainment purposes.
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