Remove HOA Remove Insurance Remove Landlords
article thumbnail

Taking the leap: The benefits of buying vs. renting a home

Housing Wire

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time. These costs may also fluctuate over time.).

article thumbnail

Renting? 5 zoning rules to know before you rent your home

Movoto

In addition to rental rates, deciding who covers utilities, insurance implications, and lease terms, there are other things you need to be aware of that aren’t as obvious. Clear your plans with your HOA (if you have one). Read your bylaws carefully and ask the HOA any questions that you’re not clear on.

HOA 48
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Buy a Home as a Single Mom or Dad

Raleigh Realty

Maintenance - You don’t have to worry about maintenance or yard work, as those are all things that a landlord or property management company would take care of for you while you are renting a property. With many of their loans, you can expect to pay no down payment, no mortgage insurance, and very low-interest rates. USDA Loans- The U.S

article thumbnail

Condo Vs. Townhouse: How Are They Different, And Which Is Right For You?

Quicken Loans

Townhouses and condos both refer to a type of ownership, meaning you won’t have to pay rent to a landlord. While these HOAs are not responsible for the maintenance of the individual townhouses, they oversee the preservation of the community as a whole. Everything else is reserved for the condominium’s HOA.

HOA 64
article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too. You might see your rent prices go up each year.

article thumbnail

5 Expenses Homeowners Pay That Renters Don't

Zillow

Homeowners insurance. Homeowners insurance protects you against losses and damage to your home caused by perils such as fires, storms or burglary. Homeowners insurance is almost always required in order to get a home loan. Don't forget about those small repairs that you won't be calling your landlord about anymore.

HOA 36
article thumbnail

Renters Beware: These Hidden Costs May Be in Your Lease

Zillow

This jump in the number of renters has put pressure on both tenants and landlords. Tenants are scrambling to find the right place, while landlords are trying to find the right price. Renters sometimes forget their landlord is running a business too - until they sign a new or renewed lease, that is. Power play.