Afton Rental homes: Advantages of Buying vs. Renting
are searching for Afton rental homes
, letï¿½s pause for a minute and
consider the difference between renting homes versus buying. Since it is more
expensive today to rent homes than to buy one isnï¿½t it at least worth it to
consider saving some money by buying a home?
Afton Rental homes: Is It Worth The Cost of Renting?
Afton rental homes, of course, 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. Additionally the
rental deposit may well be in excess of the entry cost required for buying a
Afton homes after considering all of the down payment assistance programs
available for first time home buyers. Finally, perhaps the highest cost in
renting a homes is the fact that you are helping someone else buy their home
with your rent payments, versus buying your own home.
Benefits To Afton
The advantages may certainly be worth it, despite the high cost of renting,
to rent if you are planning on moving again to a different city 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
With all of the programs available to the MN first
time home buyer today, it is hard to know where to start in terms of
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.
First Step: Get
The first step in the process of buying a home is to get prequalified for
financing. This means that you meet with a local mortgage lender who analyzes
your credit, income, assets, and debts. In this discussion they can tell you
what types of MN first
time buyer programs you might be qualified for. This first step can usually
be done right over the telephone and most lenders will arrange to talk with you
when you're off work, even in the evenings or weekends.
Afton: City Info
If you are looking for a true small town atmosphere in the Twin Cities area,
you'll find your home in Afton, MN. With a
population just under 3,000, you'll love the quaint main street in downtown
Afton. This small town receives a fair amount of day-trip visitors year round
due to being home of Afton State Park as well as Afton Alps, the largest ski area in the
metro. Conveniently located in Washington County, Afton is a 20-25 minute
commute from downtown St. Paul. If you're looking to buy or sell in Afton, MN,
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 renting versus buying a home. I
offer a totally free consultation, with no obligation and am glad to talk with
you about the differences.
Scott Schultz www.scottschultz.remax-northcentral.com
Sales Executive, Licensed Realtor in Minnesota
14451 Founders Lane
Valley, MN 55124
With a focus on Apple Valley real
estate and surrounding communities.