Now may be the time to Fire Your Landlord

Now may be one of the best times in history to purchase a home. Interest rates are extremely low, home prices are great and rental costs are soaring. In many markets, it’s cheaper to pay a mortgage than it is to rent.

According to a recent article in CNN Money, “Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.”

So why pay money to a landlord and make them rich – when you can be building equity in your own home? By putting those same dollars into a house payment instead of rent you create real value for yourself and family.

Advantages of Owning: 

• Property builds equity
• Free to remodel, change the décor  and landscaping.
• Tax benefits
• May allow you to combine your living and business space into one location.
• If choosing to purchase a home with a garage – extra storage, secure parking.
• Pet ownership – no pets allowed? Owning a home puts you in control.
• More outdoor space to garden, cookout and entertain in.
• Sense of community, stability and security

Advantages of renting:

• Easier to move
• Not responsible for maintenance

Renting right now makes little sense for several reasons.

• Mortgages may soon become much more expensive than they are right now.
• Owning a home is less expensive than renting in 72% of major U.S. cities.
• Rental costs are about to explode.

As you can see the advantages of buying are far greater than the advantages of renting. Find out today how this can be the year you  become a homeowner.