If you are searching for Eagan 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 isn’t it at least worth it to consider saving some money by buying a home?
Eagan 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 rental payments will often 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 Eagan townhomes after considering all of the down payment assistance programs available for first time home buyers. Finally, perhaps the highest cost in renting a townhomes 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.
With all of the great 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 monthly payment.
For many MN first time buyers the intimidating question is where do I start? Your very first step to home ownership is to get prequalified for a home loan. 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.
If you are thinking about a move to the southern metropolitan area you should really check out Eagan real estateCITY. Due to its convenient access to the Twin Cities metro, Eagan has grown quickly over the years. As recently as the 1960's, Eagan had only about 3,000 residents, but as of the 2010 census now has over 64,000. This means, of course, that most of the housing stock is in newer neighborhoods. Since Eagan is located in Dakota County, qualifying first time home buyers will want to ask me about the Dakota County First Time Buyers program. As a taste of what's currently happening in Eagan, go to their Community Events web page.
If you have not yet thought of buying a townhomes I would like the opportunity to discuss with you about the benefits of both renting versus buying. I encourage you to take the first step which is to email or call me.
Sales Executive, Licensed Realtor in Minnesota
14451 Founders Lane
Apple Valley, MN 55124
With a focus on Apple Valley real estate and surrounding communities.