It is interesting to note that approximately one third of all single family residences are rental homes. In certain areas of the Triangle, we actually have even higher rental rates. Renting or buying is a big decision. When considering whether to purchase a Triangle home or rent one, there are many factors to consider before this important decision is made.
Our real estate experts at Flat Fee Realty work with many Triangle renters as they assess what to do. In fact, many people need just the basics from our team to understanding the advantages of owning a home.
Flat Fee Realty offers three basic yet important factors to consider when deciding to rent or to buy in the Triangle:
- Financial plans: Unless something drastic is changing in the near future, such as plans to leave the Triangle area or other large purchases that need to be made; there is more to gain financially by buying a home than by renting one. Home ownership allows for mortgage reduced taxes and home appreciation.
- Desire to customize: If making changes in the rental is the desire, it is probably wise to purchase a home. In rental homes, many landlords will not want any changes made. Owning a Triangle home will give the ability to make changes and the upgrades as needed.
- Stability: Many first time home buyers share that they are looking for stability in their living situation. Owning a home presents a lot more stability than renting one. A new home offers sound financial decisions and a new sense of ownership and security.
There are a number of advantages to owning a new home. A few fun rewards are new furniture, energy efficiency, new neighbors, and that fresh coat of paint!
If information is needed about buying a home in the Triangle, please contact Terry McDonald and the real estate experts at Flat Fee Realty today.
The time is now to buy your new home; give us a call.
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This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.
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Flat Fee Realty
919 342 5230
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