So, all that being said-consider all your options, do the math, look at the pros & cons, and if you buy, make sure you have an exit strategy if things don't go the way you are hoping they will. If everything lines up to your satisfaction, then go out there a find a good deal-buy right so you can sell right later!! Good luck!!
1) Taxes - you will be able to adjust you income tax withholding to increase your take-home pay... You get to keep more of your hard earned money.
2) Town home prices are so low right now for great units - many new, with 3 beds, 2 baths, garages, and amenities - that its easy to find an exceptional deal.
3) When you're ready to move away, you can sell, or rent and continue to build wealth (and if you buy right, you will make money either way.) I help people buy right! (Buying right is how people make money in real estate.)
4) Some strong loan programs still exist for first time home buyers, enabling you to buy with little or no money down. These are FHA programs, so they're not the 'funny' mortgages that have so many people in trouble today.
For more info, please visit my web site: http://www.prettydogrealty.com or give me a call: 800-737-3454.
It is always to invest in property then to rent. Renting you are just throwing your money away, This is a time to buy. There are alot of propteries to choice from. If you decided to buy get pre-qualify that will make it easier for you and your realtor. If me a call at 813-892-8256 or email email@example.com. Visit our website and look for properties.
I hope I was able to help in any way. Octavia
You might want to look at buying as there are amazing oppotunities at this point. That said, I would be careful that where you are looking to buy does not have issues with either many units still being owned by the developer or many owners not paying their HOA fees. Either of these situations could mean a harder resale or much higher fees. If I can assist you in any way, please feel free to contact me at (813) 810-4663 or KWDawn1@aol.com. Good luck!
Keller Williams SouthShore
Also the tax benefits of paying mortage interests instead of rent may give you a larger tax refund so even if you're paying more than $700 per month you may end up spending the equivalent (or possibly less) than $700 for rent.
The other advantage to buying verus renting is that a "rental" complex may have more crime, a higher density of criminals, sexual offenders, etc. On that note, don't forget to check the Hillsborough County Sheriff's site to search for sexual offenders before renting or buying.
Call me if you're looking for help from a Realtor in Upper Tampa Bay (Westchase, Citrus Park, Countryway, Bayport Colony), Odessa or Carrollwood. I've been a Realtor for over 8 years and this is my area of expertise.
Alma Rose Kee, P.A., Real Estate Consultant
Charles Rutenberg Realty, Inc.