Cottage Grove Rental homes: Should I Rent One Or Buy?
If you are looking for Cottage Grove rental homes
, pause for a couple of minutes and consider the difference in renting homes versus buying one. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying Minnesota real estate
Cottage Grove Rental homes: Is It Worth The Cost of Renting?
Cottage Grove rental homes will typically have the advantage that you can get be released of a lease arrangement in about one year's time. I want you to remember that this advantage comes at a cost, however, , in that your rent payments will often times exceed those of a house payment. In addition, the security deposit for the rental may actually be more than the entry 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 rent payments, versus buying your own home.
Benefits To Looking For Cottage Grove Rental Cottage Grove
Still, the advantage may certainly be worth it to rent a homes 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 Cottage Grove homes for the First Time Buyer
With all of the programs 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 To Buy A Home: Get Preapproved
For many MN first time buyers the big question is where do I start? Your very first step to home ownership is to get preapproved for a first time buyer's mortgage. By doing so you find out how much of a loan you are qualified for so that we can research homes in a comfortable price range.
Cottage Grove Community Information
Located just 8 miles south of Saint Paul, the city of Cottage Grove is often considered one of the Twin Cities bedroom communities. With a population over 34,000 Cottage Grove offers plenty of affordable housing. High school students in Cottage Grove attend one of the 4 schools, Woodbury High, East Ridge High School, Alternative Learning Center, or Park High School. Students in middle school will attend Cottage Grove Middle School, Oltman MS, Lake MS, or Woodbury Middle School. There are recreational activities available for everyone with an well-planned Park and Rec department. If you are thinking about buying some Cottage Grove please give me a call to get out looking.
Cottage Grove Rental homes: A summary
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 Cottage Grove versus buying a home. I offer a totally free consultation, with no obligation and am glad to help you consider the differences.
Sales Executive, Licensed Realtor in Minnesota
The Home Solutions Team
Keller Williams Premier Realty
Direct (651) 209-8250
659 Bielenberg Drive
Woodbury, MN 55125
With a focus on Woodbury real estate
and surrounding communities.