The question is one that's been asked over and over again. Somtimes it makes a LOT of sense to buy your home. Now is one of those times. Take this great, recently reduced-priced, recently updated and spacious condo in a private, small, comfortable compound in the heart of Key West for example:
Why not come home at the end of a long day and unwind next to this inviting pool?
With several units to choose from, this one is a winner! Each unit has 900 square feet of updated living space including 2 bedrooms, a modern bath with glass-block showers and designer sinks. In the efficient kitchen, you'll enjoy granite countertops and stainless steel appliances. One unit even has crown molding throughout, giving the interior a warm, inviting feel.
Granite counters and Stainless appliances provide a high-end feel
But the best part takes us back to the subject of this post: Why rent, when you can own this spacious two bedroom condo for the same, or LESS than it costs to rent? These units currently rent for $1,800 per month. With a 30 year mortgage, at 4% interest, with 20% down, your monthly payment (INCLUDING taxes, condo fee and insurance!!) would be less than $1,500
(based on list price of $264,000). If your credit and your financial position allow, this is a no-brainer! And if you have a good credit rating, you can very likely get an even better deal. And when you're ready to move up to a larger place, YOU can become the landlord and rent this place out at a profit! Wouldn't it be nice to let someone else pay your mortgage and put a few extra bucks (or nearly 300 extra bucks!?!) in your pocket every month?
So stop giving away all of the equity you could be building into your own home to your landlord, and let's make one of these yours!
If you're ready to take the leap and start paying your rent to YOURSELF, give me a call at 305-393-6531 or drop me a line at firstname.lastname@example.org. I can help you find YOUR slice of Paradise.