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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.).

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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. Property Taxes - For most homeowners, this is the second to largest expense after their monthly mortgage payment.

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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. However, owning a condo and owning a townhouse offer completely different homeowner experiences – including what you’ll own, how much you’ll pay and which parts of the property you’ll have to maintain.

HOA 64
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5 Expenses Homeowners Pay That Renters Don't

Zillow

Property taxes. As long as you own a home, you’ll pay property taxes. homeowner pays $2,110 per year in property taxes, meaning they’re a significant - and ongoing - chunk of your budget. The property tax rates vary among states, so try a mortgage calculator to estimate costs in your area.

HOA 36
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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.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Here are some tips from real estate experts on how to buy a rental property that’s right for you. Decide If You Have the Ability and Funds to Be A Landlord. Property taxes. Maintenance costs.

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The Pros and Cons of Buying a House

PennyMac

The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Mortgage interest and property taxes may be tax deductible. You Pay Property Taxes.