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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. Buyer builds equity in the home. Mortgage interest and property taxes may be tax deductible.

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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.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. 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.

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

Quicken Loans

But, these days, an increasing number of home buyers are forgoing the detached, single-family home in favor of the more community-minded style of living that condos and townhouses provide. Townhouses and condos both refer to a type of ownership, meaning you won’t have to pay rent to a landlord.

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The Complete Guide to Buying a Home After College

Raleigh Realty

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. A landlord can ratchet up rental payments whenever they want to. Gain Tax Deductions Once you graduate into the real world and land a job, you'll have to pay taxes. Try a USDA Loan The U.S.

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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. For the majority of prospective buyers, location is one of their top priorities. What size house do you want? -