Vadnais Heights Rental homes: Advantages of Buying vs. Renting
If you are in the hunt for Vadnais Heights rental homes
hold on for a moment and consider the differences between renting homes
versus owning. Since it is more expensive today to rent homes than to
buy one isnâ€™t it at least worth it to consider saving some money by
buying a home?
Vadnais Heights rental homes will usually
have the advantage that you can get out of a lease arrangement within 12
to 24 months. Remember,however, there is a cost to this advantage , in
that your rental payments will often exceed those of a house payment.
Additionally the security deposit may well be in excess of the necessary
down payment cost required for buying a home after considering all of
the down payment assistance programs available. Finally, perhaps the
real cost in renting is the fact that you are helping someone else buy
their home with your rental payments helping make THEIR house payments.
Still, the advantages of renting may be worth it to rent if
you have plans on moving again at the end of your lease. I tend to
think that if you buy a home today you should plan on staying in it for a
few years while the market develops.
Benefits To Buying Vadnais Heights homes for the First Time Home Buyer
With all of the benefits available to the MN first time home buyer
today, this list of benefits is long. The State of Minnesota now
offers special loan programs through its Minnesota Housing Finance
Agency to offer reduced interest rates as well as down payment
assistance. Additionally many communities today offer additional down
payment assistance loans or grants that both reduce what you need for
cash to close as well as reducing your monthly payment.
First Step: Get Preapproved a Vadnais Heights First Time Home Buyer Loan
of the more important factors in buying a home these days is to get
preapproved for a loan. Many buyers leave this part to the last minute
Most buyers leave it to the last minute But itâ€™s very important,
especially for the MN first time home buyer
to get preapproved for a mortgage before beginning the search for a
home. Please call or email me and I will help you get started in the
process with a Minnesota mortgage banker.
City of Vadnais Heights
Located just north of downtown St. Paul, Vadnais Heights ,MN
is a beautiful smaller suburb in the Twin Cities Metro. With an easy
20-minute commute to all
of the attractions of the larger city, residents here also enjoy the
feel of small Minnesota town. Living in Vadnais Heights means you'll
have easy access to more than 100 acres of parkland spread
across 14 city parks. With plenty of affordable housing, MN first time
home buyers may benefit from
the Ramsey County First Home program. If you are interested in buying
or selling a home in Vadnais
Heights please give me a call.
If you have not yet thought of
buying a homes I would like the opportunity to discuss with you about
the benefits of both rental homes in Vadnais Heights versus buying a
home. I offer a free, no-obligation consultation and am eager to help.
Sales Executive, Licensed Realtor in MinnesotaÂ
Century 21 Premier GroupÂ
1660 S. Highway 100, Suite #578
St. Louis Park, MNÂ 55416
With a focus on Twin Cities real estate and surrounding communities.