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Archive for July 26th, 2015

26
Jul 15

Is it Better to Rent, Own, or Rent to Own?

Rent to own st louis mo

When is Renting Better Than Buying A Home?

  • If you do not plan to stay in your location long term. According to a study conducted in 2012, renting a home is less expensive than owning if you plan to live in it for less than 10 years.
  • If you are not equipped to pay for repairs and maintenance on your home. On average, a homeowner pays 1% to 4% of the home’s value on maintenance. This equates to hundreds of dollars per year; renters avoid these costs.
  • If your credit score isn’t high enough to qualify for a mortgage loan at a reasonable interest rate. Establishing a history of on-time rent payments will help build your credit.

What Can You do if You Want to Buy But Can’t?

If you are interested

Read more ...

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