6 Reasons To Buy Rather Than Rent a Salem OR Home
Many renters are finding that they get more ‘bang for their' buck if they buy a home rather than rent one. With affordable prices, low interest rates and tax incentives, Salem OR home ownership makes more sense than ever.
6 Reasons to Buy Rather Than Rent a Salem OR Home
1. Buying doesn't always cost more.
The Associated Press reports the gap between buying and renting has decreased $550 in the last three years.
2. Affordability is at an all-time high.
Nationwide, prices have declined by nearly 20-40%.
3. Tax benefits for home ownership saves money.
The biggest tax break is the mortgage interest deduction. Most of your mortgage payment goes to interest which is tax deductible. Property taxes and mortgage insurance are also tax deductible.
4. Many loans require no down payment.
Veterans Administration (VA) loans and many first-time home owner loans don't require a down payment.
5. Mortgage rates are at all-time lows.
Mortgage interest rates are the lowest we have seen in 30 years.
6. You own it.
There is nothing like pride of ownership...and you can do anything you want to do. You can paint it any color you want, make improvements, and landscape to your own taste.
Dewey and Dave Whitton are Salem’s Relocation Experts and understand that moving is both an exciting and stressful process. That’s why they do everything in their power not only to help you find the perfect home but also make you feel right at home.
Dewey and Dave assist buyers looking for Salem Oregon real estate for sale and aggressively market Salem Oregon homes for sale. Be sure to Download your free guide to Salem and learn everything you need to know about making Salem, Oregon, your new hometown.