Should you Rent or Buy?
Lots of first time buyers, and even people who have owned homes in the past, are stuck in a predicament when trying to choose between continuing to rent their place, or making the leap and buying a home. Renters have heard all the stories from their homeowner friends and family about how great it is, and they don't have to deal with landlords and rent. But is it really that much better to own a home over renting? Let's weigh the pros and cons of renting and see if homeownership benefits you in the long run.
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Depending on where you live, renting can actually be less of a financial burden than paying a mortgage, if the price of a home is astronomical. This holds true in places like New York City, where home prices can be close to a million dollars easy. Also, when you rent from a landlord, the landlord is responsible for all repairs and maintenance in the house. So if something goes wrong, it's not your fault. However, even this can be detrimental to your living quarters, as now you have to depend on someone else to fix what could be a major problem in your home.Now we'll dive into the disadvantages of renting, and you'll begin to see just why ownership overall is a better move than renting. We'll start with small things, like how you'll have control over the entire interior and exterior of your home. Most leases have provisions stating that you can't paint the house different colors than white, you can't replace various things in the house, etc. Homeownership gives you total control and allows you to change, modify, rip out, replace, whatever you want in the house.
Now it's time for the major financial aspect. Rent ALWAYS goes up. It just happens that way. But what do you get for that new rent cost? The same place you've always had, just a little more expensive. And when you leave, what do you get? A referral stating that you paid on time? Woo-hoo, start the parade. When you own your own home, not only do you have a place to live in where you control the amount of your payment through your mortgage and refinancing and getting a better rate or a fixed rate, you earn interest on the appreciation of the house. Throughout history, real estate has always gone up in value, regardless of current trends. If you look at it long term, the value always rises. Ownership in real estate increases your personal wealth and opens up a slew of new opportunities for you financially. This is a major advantage over renting, and one that should not be overlooked.
If you can't own at this time, that's okay. Rent and build your credit up. Save your money. But you should always be on the lookout for the opportunity to buy a home. It'll save you money in the long run, and give you the satisfaction of owning your own property, and not having to answer to anyone for it.
New Link List
- FSBO forum
- Rather interesting forum about FSBO. As I see new posts appear every hour. Good way to be updated in real estate topic!
- Homes For-Sale-By-Owner
- It is a really good web-site that which may help you to make a good penny-worth.
- FSBO&Pets
- This page may help you to sell your house in case you have a pet. Find out what the problem is and read about solution.
- Bathroom - FSBO impact.
- There are a lot of different ways to increase the attraction to your home. One of this ways is to remodeling and updating your bathrooms. At this page you may find some advices of cheap and easy remodeling.
- Preparing for sale
- Here are some tips that will help you know just what to change and modify in your home to make it more appealing for sale.
- Reasons of FSBO
- In case you are just thinking of selling the house you should visit this page. There is some information that explains why so many people choose FSBO today.
- Home appraisal
- Do you think that potential homebuyers are only people you should create an impression on? In that case you are absolutely wrong! Why? Read this article to get an answer.
- Home taxes
- Is paying taxes on a home a great problem for you? In real today people pay more taxes than ever before. Do you want to now more?
- FSBO_seller
- FSBO has a lot of advantages. First of all you will save the 6% commission and have full control over the sale of your house. But it isn't as easy as you may think after prima facie. Do you want to now what complexity you may be confronted by?
- Real_estate_boom
- What is the real estate boom and why it became true.
- Deal_arranging
- House preparing and showing are only a half of problem. Do you really know what you should do after taken an offer? There are some tips that may help you to put the axe in this helve.
- Tidy home
- Do you want to be shore that potential buyers see the things you want them to see? And how to create a positive first impression of your house? All this information you may find on this page.
- FSBO_marketing
- Here you may find a lot of interesting information that consist of FSBO marketing strategy.
- Sell reanson
- Do you know that there are some special sure sign that you should sell your house? When to sell the house and what way should you choose? You may find answers to this and other questions at this page.
- Selling tips
- One of the most important questions that every home seller asks is: «How to prepare you house for selling». In case you want to find an answer you should visit this page.
- FSBO difficulties
- It is not a secret that in case you start anything you have never done before; you will have a deal with a lot of different difficulties. What are they in FSBO?
- FSBO checklist
- In case we have decided to buy a house we have a lot of different questions. Some of them are tiny, other huge. But any way we have to be prepared for all this difficulties. One of the tips that may help us with this is checklist. Do you want how to make it? This is the reason to sit this page.
- Price analisys
- Do you interested in selling price comparative analysis? You may find this information here.
- Auction
- Have you already thin about selling your home by auction? Really? Visit this page to find more information about Real Estate Auction Fundamentals.
- View
- Do you think that view of the house is the most important thing? Yes, it may be lovely, nice, but not main%u2026
- Real_estate_market
- A good article in case you interested in getting more information about Real Estate Market.
- Experience story
- Do you want to know in what cases selling house by FSBO can be useful and read a successful experience story? In case you are interested in this information you should visit this page.
- Offering Benefits
- There you may find some tips that would help you to make homebuyers offering
- FSBO&Internet
- There you may find some tips that help you sell you house%u2026 but only in reason you selling it in internet.
- Refinance
- Do you interest when should you refinance your house? At this page you may find some scenario which would give you an answer.
- Know FSBO
- There are some secrets and interesting tips which you should know before you FSBO.
- Internet_buyers
- Do you want more about your potential house buyers and what are the reasons of using Internet? In this case you should visit this page. There you may find rather interesting info and statistics.
- Without an agent
- Do you really think that the agent may sell your house better then you? Or that you can't do it by yourself only because the market begins to change. At this page you may find some tips which would prove you that you were wrong.
- Pictures for sale.
- It is very important for potential homebuyers to see you house, to imagine how they would live there. And the first step you may do to help them is to make a good pictures of you house. Do you want to now how to make it better? In this way you may visit this page.
- Help your house to stand out against a background of others'.
- After a person decides to buy a house, he has to look through a lot of different advertisements. And it is not as is easy for him to see your one. So you should help him with it. How? Visit this page and you will know it.
- Some things you may need to consider valuing your house.
- It's really nice site! Here u can find all the information required for figuring out the value of your home! They will also recommend how much do u need to loan. And it's really nice that they layed out the information how to state the value of your home yourself.
- How to sell your real estate at the time of (during) hypothecary crisis
- Do you wanna sell a house? Do you need some usefull tips?This site is what you need! They'll give you some really usefull tips how to show to the best advantage of your home! And all this for FREE! Don't lose an opportunity to sell your real estate for a higher price!
- House clean
- ...cleaning of your home becomes mandatory for every FSBO seller
- Mentality of House Buyer
- An interesting page which would help you to understand a mentality of house buyer.
- Price is the key to successful sale
- Price is the key to selling house by owner. So you should know exactly how to do pricing right. This page may help you with this.
- BelHard Group
- BelHard Group is one of the leading IT holdings in Belarus, and BelHard Outsourcing is its software development division.
- FSBO Prerequisites
- What should you know before entering any FBO deal? How to make a right choice and what is really important? You may find answers at this page.
- FSBO in Condo
- Selling your condo for sale by owner or FSBO can save you thousands and even tens of thousands of dollars. On a $300,000 sale of a condo, typically a seller pays a 6% commission which would be $18,000. Now sometimes in tough markets you need an experienced real estate agent to help you sell your condo, but sometimes you don't! Give it a shot and list your condo online for free and try and put those savings right in your pocket!
- What Do I Save if I Sell FSBO?
- A lot of people choose FSBO only because of saving money. How much money they could save and what is the right way for it.
- Steps of FSBO selling process
- FSBO is not so terrible process as you may think. You are really may do it by yourself. But of course you should know the main steps, which may help you to make successful deal.
- FSBO on Internet
- Internet - one of the transformations of real estate market. J Directions for use.
- FSBO Is Untapped Market For Realtors
- Few tips in communicating effectively with FSBO sellers!!!
- Real estate Appraisal
- At this page you may find a lot of interesting information about real estate appraisal. What is a Appraisal? How is Value Established? What is Poor Location? This and many other questions wouldn't make you to be nonplused any more.
- Choosing a house
- This page may help you to make the right steps on the way of choosing a house. You would be able to say what kind of house is right for you and determine the specifics you want or need in a home.
Feng shui tips to consider when buying a house
The best way to have a feng shui harmonized house is by having it in mind from the moment of buying it.
Many of the feng shui problems that houses have could be avoided if their owners had considered feng shui principles at the time of buying it. Actually, the unbalance problems which are most difficult to overcome for a feng shui practitioner are those which have their roots on the house structure and on factors that could have been avoided by choosing another house.First of all you should consider any possible poisoning arrows within the house. If the house you wish to buy contains many sharp edges, triangular shapes, and any other arrows which might be either inside or outside the house. Poisoning arrows can be very bad for the inhabitants of a building and hurt many of their life areas.
Then, it is important that you evaluate the house surroundings. If there is a road ending in front of your house or pointing towards it you should discard the house from your buying choices. Anything that symbolizes cutting or hitting the house is a menace and would cause damage in the house feng shui as well as in its inhabitants.
You should also pay attention to the house level. It should always be at the same level with the ground and never lower than it. You should avoid buying a house that is lower than the road or ground level since it could cause the effect of sinking its inhabitants down with it. Therefore, you should always try to buy a house that is either at the same level than the ground or higher.
Your house should be friendly with its environment and with other buildings surrounding it. If the house contains poisoning arrows or any menacing shape or object towards a neighbor house, this would bring you problems with your neighbors. You should also pay attention to the house front land. Ideally, it should be an open space or garden. You should avoid houses with trees right in front of the house entrance.
Selling Smart: Require Enough Deposit To Secure Contract
When buyers are in the driver's seat in a real estate market, it makes sense for sellers to be flexible (even generous) with concessions and incentives, in order to get a sales contract. However, as a home seller, one thing you should insist on is a good-sized earnest money deposit (also called "consideration" or "good faith deposit").Earnest money functions to enforce the buyer's promise that he or she will fulfill the terms of the sales contract. The deposit is usually held in an escrow account and eventually used as a credit toward the buyer's settlement or closing costs and down payment.
There may be contingencies in your contract that, if unfulfilled, would allow the buyer to walk away and get the earnest money back. But if the buyers simply change their minds-perhaps after finding another home in another location or at a different price-they would have to give up the deposit as a penalty for not following through on your contract. You want the deposit to be large enough to deter the buyers from backing out of the deal, but not so large asto discourage buyers from entering into a contract with you.
How much earnest money should you require? Different markets around the country have their own customs regarding deposit amounts. Even so, the norm may be a range from, say, 1% to 3% of the sales price. In some situations, say if prices in the area are dropping, you may want to ask for a deposit on the high side of the norm. You might also want to consider lowering your sales price a little in return for a larger earnest money deposit.
Source: Fizber.com
The Microlife Style
Remember living in your first apartment? For many of us it was a small, cramped box.Here's an apartment to beat all of the other little boxes out there. Welcome to London, home of possibly the smallest apartment in the world. A FORMER storage cupboard is now a 62 square foot flat has all the necessities: a platform bed on a raised platform accessed by a ladder, bath, wardrobe, and kitchenette (if you can call it that). The rent? Only $247 a week.
The flat was created in 1980 by a freeholder of the building who lived in Carlisle but frequently visited London on business. The current owner bought it in a poor state of repair for next to nothing and it stood empty for several years.
London real estate agent Gordon Blausten, who helps finding roomers says: "The flat is suitable for a young person with an active social life. It is well located for the fashionable shops of Ledbury Road, Westbourne Grove and Portobello Road."
Another way out to survive in the todays busy and very expensive time has come to the mind of Piercy Conner Architects. They have created a high-density housing solution especilly for living in the conditions of high population pressure. The one-bedroom microflat measures just 32.5 m2. Taking inspiration from yacht design, the architects made use of every available inch of space, incorporating a small double bedroom, a pod containing a shower and toilet, storage space, and a kitchen / living area that provides access to a cosy balcony for two. Ceilings are 2.8 metres high to provide an enhanced feeling of space and maximise natural light from floor to ceiling windows. Besides being space efficient inside, its modular construction can be installed in spaces above commercial developments like supermarkets or public car parks. In developing the Microflat, Piercy Conner proved that it is possible to combine good design and efficient construction to arrive at affordable housing solutions for first home buyers, who are often hardest hit when housing affordability is compromised in large cities.
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