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Josephine Traina Gleason
Office: 843-793-4023
Email: josephine@danielravenelsir.com
Charleston Buyer's Broker Blog
Costs of Renting and Buying Growing Close

Costs of Renting and Buying Growing Close

Thinking of buying a home? Consider this: 
the gap between monthly rents and mortgage payments is at its lowest level in almost 20 years.

In some markets, the difference can be less than $100, according to a national study conducted for The Associated Press by Marcus & Millichap Real Estate Investment Services.

Combined with the lowest interest rates in over 50 years and the major drop in home prices, buying a home is a very wise decision.

There are also significant tax benefits, including capital gains deductions for property taxes and loan interest. A home appreciates in the long run and acts as a hedge against inflation. It helps diversify your assets, builds equity and provides a means of forced savings as you slowly pay down the principal.

Real estate also is a leveraged investment, unlike most others. If you put 10 percent or $20,000 down on a $200,000 house and it appreciates to $300,000, that translates to a 500 percent return.

Real estate is still the most time-tested
investment of all time.  There is no better time
to buy.

What are you waiting for?

8437934023
www.charlestonwelcomehome.com
Posted By - Josephine Traina Gleason - 04/24/2010
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