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bUYING Vs. RENTING
The benefits of buying a home vs. renting one has huge long term benefits. But we understand that home buying isn’t for everyone. Ask yourself what your future goals are and decide if renting or buying is the route to go.
rent, if you:
- Plan on living in the area for less than 2 years.
- Need flexibility in your living arrangements
- Need to work towards saving for a down payment and closing costs.
- Still need to work on repairing your credit score.
buy, if you:
- Have decided to live in the area for more than 2 years.
- Want to customize your home to truly match your aesthetic and needs.
- Want to build future equity through ownership.
- Want to save money by using your home as a tax deduction
the savings in buying
You’re always paying someone’s mortgage. The question is, are you paying yours or your landlords? The value of buying a home is limitless. Are you in the position to purchase?
The following chart is a great example of a 7-year period in which a renter is paying R 14 500/month and sees an average annual increase of around 5%. A homeowner who purchases a home with an average monthly mortgage of R 18 000 month is locked into the rate for 30 years and ends up paying less monthly than the renter after only a few years.
Buying Bonus!
Home buyers don’t have to concerned with
increasing pet fees and limitations.
Your pets are your family. Home ownership
doesn’t come with the restrictions renting does.
don't flush your money away
Year after year you can be throwing away well over R150K+ month with monthly rent.
let us guide you through the process of
home buying
We understand that buying a home can be an overwhelming process but I happily specialize in helping first time home buyers get out of the renting cycle. You deserve to live in the home of your dreams, pay YOUR own mortgage – instead of someone else’s, and start building your future equity.
Let’s get in touch and see what your future plans are so we can coordinate getting you into the right home. We’ll gladly walk you through questions about your credit score, down-payments, closing costs, home tours, and more. Live in the dream home. Get in touch today!
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