article thumbnail

The Importance of Renter's Insurance

Eppraisal

According to an article on the website ipropertymanagement.com (October 17, 2021), 36% of American households are renting their home, signaling an apparent decline in homeownership this past year. Home values have gone up making affordability more difficult, so more are renting. Who Needs Renters Insurance?

article thumbnail

Investing In Affordable Housing - Part 1 - Profitability

Eppraisal

When all the numbers are crunched, landlords who reserve some or all of their units for low to medium-income individuals and families can actually realize significant financial gain. In return, the government will credit the landlord for lower rents toward their tax obligations or pay them to offset any loss of income.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Making the Decision to Stop Renting

Eppraisal

If you've been able to save for a larger down payment, you may qualify for a lower interest rate and you won't have to pay private mortgage insurance (PMI) if you're able to put 20% down on a conventional loan. Interest rates are still historically low, so it's a great time to borrow money to purchase your first home.

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. It also covers legal costs if someone is injured in your home or on your property. Homeowners insurance is almost always required in order to get a home loan.

HOA 36
article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord. They just oversee the process.

article thumbnail

Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

The Robert Weiler Company

Consider this: According to Crain’s Chicago Business, Columbus saw the most substantial increase in total home value in the country. You can choose to act as the landlord, handling the typical day-to-day responsibilities; or you can consider hiring a commercial property manager who will administrate those aspects for you.

Investing 138
article thumbnail

Rent Vs. Buy: How To Decide In 5 Steps

Quicken Loans

Landlord pays for maintenance. Landlord might sell or decide to stop renting. Home value may increase over time. Sense of home stability/permanence. Home value may decrease. That said, just because you can afford a mortgage payment doesn’t mean you can afford a home; expenses add up.