Remove Home Value Remove Landlords Remove Property Taxes Remove Renovations
article thumbnail

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.

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. You'll need to do some renovations.

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. You may reap tax benefits. Sense of home stability/permanence. Home value may decrease. These are expenses you’ll need to pay to keep the home in top condition.