Is renting a home a good idea?

Warren Kotter: Yes, it's better than living with your parents though not as good as owning a home. Since the the two of you are making only 36k a year, make sure the rent is pretty damn low.

Booker Warlick: a warrant skill the police already have been to work out a choose with sufficient reason to take the hunt. in case you experience the police did not execute the warrant as a results of fact the choose authorized, then the choose could be on your section.

Sena Highman: Rent-To-Own Homes : http://RentToOwnHome.uzaev.com/?cThr

Josefine Weekey: Where do you live? I'm guessing it's a very high priced city if you can't afford to purchase with your income and savings. Before taxes, you two are making about $55-60K I'm guessing?? And with no debt and assuming you have good credit, you could definitely afford a nice house in Atlanta. How much in rent are you able to pay and be comfortable? I would think around $1000 per month would be a good payment for you bu! t it depends on what other expenses you may have. For that much, you could afford a home around $150,000. What are the home prices like in the town you want to live in? I think this is one of the best times in history (and in most of our lifetimes) to buy a house because mortgage rates are at record lows as are home prices. In many places right now, rents are more than the price of a mortgage for the same house. I'd suggest talking to a realtor and a lender first to see what you might qualify for before ruling out purchasing. If that is your dream, go for it! If you and your fiance are handy, you might look at foreclosures or short sales that may need a little work but are priced under market. Many homes just need some new appliances and painting and carpet and would look almost new. I always think owning and building equity is better than renting and never seeing that money again. Most house rentals require that you pay all the utilities and some even require you do some o! f the maintenance - very similar to if you owned the house. Al! so, you're so young, so your first house likely won't be your last house. If you buy a starter home now, you can likely sell it for a profit in 5-10 years when you're ready to step up to a larger home. Real estate is still one of the best ways to build wealth. Look at it not only as a home but as an investment. Your Realtor can also help recognize homes to invest in. And it costs nothing to hire a realtor if you are the buyer. The seller pays your agent.Good luck and I hope this helps!!...Show more

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