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Inflation's Impact on the Housing Market

Eppraisal

Just as inflation drives up the value of lumber, light bulbs, potatoes, chicken and women's shoes, it boosts home values in the same way. For instance, and for simplicity, if there are 30 identical houses and $600 in circulation, each property would be priced at $20.

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Making the Decision to Stop Renting

Eppraisal

When you own a home you are responsible for the real estate taxes, homeowners insurance, homeowners association fees, maintenance, repairs, upkeep and the like. Renters just pay the monthly rent and the landlord pays the mortgage and all the other costs. You make the decisions to make changes to the home.

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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.

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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. You may reap tax benefits. Sense of home stability/permanence. Home value may decrease. As mentioned above, there are risks for both renting and buying a home.

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The Pros and Cons of Renting Out Your Mother-in-Law Apartment

Zillow

And as long as it doesn't add to the square footage of the home, this type of addition may not even increase the property taxes (though your income taxes will increase). Tally the benefits Immediately and long term, the biggest advantages to owning a property with a secondary unit are financial.

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

Quicken Loans

If you’re in the market for a new home, there are a lot of considerations that must be weighed before pulling the trigger. There’s no clear advantage of one option over the other, which is why you should get to know the ins and outs of condominiums and townhouses before you settle on your perfect home.

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The Complete Guide to Buying a Home After College

Raleigh Realty

Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments. The difference between the home's value and what is left in your mortgage is the equity. In other words, if your home is worth $100,000 and you have $60,000 remaining in your mortgage, you have $40,000 worth of equity.