If you are in the hunt for Rosemount 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?
Rosemount rental homes, of course, have the advantage that you can get out of the lease contract in 12 months. This advantage comes at a cost, however, in that your rent payments will often times 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 when considering all of the down payment assistance programs available for MN 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 rental payments helping make THEIR house payments.
Still, the advantage may certainly be worth it to rent a home 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 Rosemount homes
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.
For many Minnesota first time home buyers the big question is where do I start? Your very first step to home ownership is to get preapproved for a mortgage. By doing so you find out how much you are qualified for so that we can search for homes in the right price range.
The City of Rosemount continues to build on its small town character through neighborhood, school, and community activities. The Rosemount Park and Rec offers a wide variety of fun and leisure activities for any age. This is a peaceful community to raise a family in with a variety of high quality schools.
If you have not yet considered buying a home I would definitely like to talk 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.