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Locations where Housing Prices are Skyrocketing Post Pandemic
Courtesy of Yahoo 9 Locations where Housing Prices are Skyrocketing Post-Pandemic It’s no secret that real estate prices have increased substantially in the past few years, with the pandemic era of the early 2020s seeing massive spikes in home prices nationwide.
5 BENEFITS OF HOMEOWNING VERSUS RENTING
5 BENEFITS OF HOMEOWNING VERSUS RENTING June 5 Predictable Monthly Housing Payments You can expect your payments to stay the same until you refinance for a better rate. As a renter, you are at the mercy of your landlord once your lease is up for rent increases. Investment and Equity Implications Every month you make a mortgage payment on your home you are increasing your equity in your property. Homes tend to increase in value over time. Holding your home long-term is a good idea. Home prices rise with inflation, meaning that it's more likely to lock in profits. Tax Advantages You can write off things like property taxes and mortgage insurance as a homeowner. Customization of Living Space When you are renting, you have more limits to what you can change. Some examples could include upgrading kitchen countertops or cabinets. Cost Savings On average, homeowners who keep properties for 7-10 years will have fewer housing expenses.