Search Our Site  
Owned by Bill Platt: (405) 780-7745 9am-6pm CST, Mon to Fri



Is Renting Better Than Buying, In This Economy?

Copyright © 2006-2008 Vasrue.com, All Rights Reserved
Written by: Mark Felder


With the real estate market changing dramatically in the past few years and some regional markets more than doubling in property value, is it a good time to buy property? Consider the factors: real estate has increased in value while interest rates have dropped to record lows.

But real estate is like any other investment. If you look at the long-term picture, you can still expect to earn a substantial profit. Historically, real estate has been a strong, relatively safe long-term investment. Are you planning to relocate soon, or can you commit to living in the property for the next decade? Owning is ideal for those individuals or families who plan to stay in the same location for at least ten years. After all, you're paying a large sum upfront, which includes your down payment, points, appraisal and application fees. These fees are typically recovered three or more years after purchase.

Your next consideration is asset appreciation. While payments are steep at the outset, topped with homeowners' insurance, maintenance, repairs and any renovations you're planning to make, you should still earn an average annual return of three percent. In ten years, your home could be worth 30 percent more than you paid today. While rental rates increase each year, your home will remain the same.

Next, understand the tax ramifications of ownership. These vary based on your unique situation. Yet most homeowners gain substantial savings as a result of mortgage interest and property tax write-offs. These savings move their payment closer to the rental rates.



Finally, research your area. Are you in an over-inflated region? Do real estate professionals feel prices are set to drop in the next few months? Get a few opinions and balance your options.

Net-net, how long will you live in the house? Property investing is not for the day trader. It's a long-term investment that can still pay off quite well.




About The Author:
Copyright (c) 2008 http://www.Vasrue.com, All Rights Reserved.

Mark Felder writes about Real-Estate for the Vasrue website. Articles are published weekly on Travel, Personal Finance, E-business, Credit and a host of other great topics. All Vasrue articles are available to other webmasters through RSS feeds. Visit the Vasrue.com website often, to learn something new.

VOTE ON THIS ARTICLE

Needs Work >> 0 - 1 - 2 - 3 - 4 - 5 << Excellent Article

Tell our authors what you think about their article.


Automatically Post This Article To Your Blog by inserting your Email-To-Blog Address, as can be set up in your Blogging software:


"Link Back To This Article" Copy-And-Paste


Are You Using This Article? We want to know about it.

HTML Article Copy-And-Paste


TEXT Article Copy-And-Paste


Article Description Copy-And-Paste


Article Keywords Copy-And-Paste




*** Digital Reprint Rights ***

  • If you publish this article in a website/forum/blog, You Must Set All URL's or Mailto Addresses in the body of the article AND in the Author's Resource Box as Hyperlinks (clickable links).


  • Links must remain in the form that we published them. Clean links should point to the Author's links without redirects having been inserted into the copy.


  • You are not allowed to Change or Delete any Words or Links in the Article or Resource Box. Paragraph breaks must be retained with articles. You can change where the paragraph breaks fall, but you cannot eliminate all paragraph breaks as some have chosen to do.


  • Email Distribution of this article Must be done through Opt-in Email Only. No Unsolicited Commercial Email.


  • You Are Allowed to format the layout of the article for proper display of the article in your website or in your ezine, so long as you can maintain the author's interests within the article.


  • You may not use sentences from this article as an input for any software that steals sentences from others in order to build an article with software. The copyright on this article applies to the "WHOLE" article.



  • *** Author Notification ***

    We ask that you notify the author of publication of his or her work. Mark Felder can be reached at:
    articles@vasrue.com


    *** Print Publication Reprint Rights ***

    If you desire to publish this article in a PRINT publication, you must contact the author directly for Print Permission at: articles@vasrue.com


    Creative Commons License
    This work is licensed under a
    Creative Commons License.


    (You are not required to show the creative commons license notice when you reprint this work.)




    Quick Links:
    Home | Article Distributions | Ghost Writers
    Article Marketing Blog | Article Marketing Ebook


    Unless Otherwise Noted, All Content On This Site Is:
    Copyright © 2001-2008, The Phantom Writers