Golden Valley Rental townhomes: Should I Rent One Or Buy?
If you are in the hunt for Golden Valley rental townhomes
hold on for a moment and consider the differences between renting
townhomes versus owning. Since it is more expensive today to rent
townhomes than to buy one isnâ€™t it at least worth it to consider saving
some money by buying a home?
Golden Valley rental
townhomes will typically have the advantage that you can get be released
of a lease arrangement in about one year's time. This advantage comes
at a cost, however, , in that your rent payments will often times exceed
those of a house payment. Additionally the rental deposit may well be
in excess of the entry cost required for buying a home when considering
all of the down payment assistance programs available for MN first time home buyers.
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.
The advantages may certainly be
worth it, despite the high cost of renting, to rent if you will be
moving again to a another city at the end when your lease expires. 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 Golden Valley townhomes
With all of the benefits available to the MN first time home buyer
today, it is hard to know where to start in terms of listing the
benefits. 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
First Step: Get Preapproved for a Mortgage
of the more important factors in buying a home is to get preapproved.
Most buyers leave it to the last minute because it is the least fun part
of the entire home buying process. It is always important however,
especially for the MN first time home buyer
to get preapproved for a hoome loan before searching for a home.
Please email me and I will help you with getting started in the process
with a Minnesota mortgage banker.
Golden Valley Information
The great City of Golden Valley is suburb of the Twin Cities, lying on the western edges of Hennepin County.
With major employers such as Tennant Company and Honeywell, Golden
Valley, MN is also has the headquarters of Pentair and General Mills.
With a well developed Park and Rec
department Golden Valley can offer everyone something to do for
recreation. Just 15 minutes from downtown Minneapolis people living in
Golden Valley have access to a wide variety of social activities. If
you are think about selling a home or buying Golden Valley real estate
please don't hesitate to give me a call.
If you have not yet
thought of buying a townhomes I would like the opportunity to discuss
with you about the benefits of both rental homes in Golden Valley versus
buying a home. I encourage you to take the first step which is to
email or call me.
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.