K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

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The Truth About Renting

February 11, 2019

Master Brokers | February 2019 |828-850-0142

You will buy a house in your lifetime.   The question is:   who will you buy it for?  Will you buy the home for you or your landlord?   When you rent, you are paying for your landlords’ house!

It is a fact:  Unless you plan to live in a relative’s basement rent free for the rest of your life, you will pay rent to someone.  The truth is, with the low rates and home prices, most of our clients in the past six years have found that, even with tax and insurance included, their house payment now is lower than their rent payment!

Quick question:  If you rent for 30 years, what do you have at the end?

Let’s do the math.  Let’s say you buy an $80,000 home.  Even if it does not appreciate a dime, in 30 years you have an $80,000 property.  And even if you spend an average of $1,000 a year in maintenance, you still come out $50,000 ahead.  Plus, you own it, you control its use, and you live the American Dream.

Now we know not everyone is in a position to buy at this time.  But when you are ready to take control of your future, give us a call and let us help you get started.  Plus, did you know HUD homes are an excellent source of affordable homes?  HUD offers many homes with $100 down payment option and closing costs assistance.  In many cases, you can get into a HUD owned home for less than it costs to get into a rental home. 


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