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Real Estate - Buying Or Rental Real Estate House Tips
Now let's summarize those figures at the end of year at say 4% appreciation of prices in the homes for a 60,000 down payment you end up $12,000 + $7,200) - ($24,000. with a outgo of $4800. At the end of the mortgage period of 20 or 30 years you own a house, which should have steadily appreciated over that period.
Now supposing you rent a condo and your monthly rental + condo fees expenses are about $1200. For a full year your outgo will be about $14,400. But you still have that $60,000(down payment) in hand to invest in something else. Suppose you are a conservative investor and put it into Govt. Treasury bonds, you will earn about $1800/year @ 3% or $1200 @ 2%. So your total outgo will be $14,400-$1800($1200)= $12,600($13,200).
These numbers may vary from region to region, based on the area of homes, based on your rent, based on interest on mortgage, and value of your home. But you can make a rough calculation and add or deduct numbers applicable to your particular case and you will able to make an informed decision on whether to buy or rent homes.
This article's coverage of the information is as complete as it can be today. But you should always leave open the possibility that future research could uncover new facts.
Author: Peter Lee
Site: Search Real Estate Online
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Real Estate Resources
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What is Real Estate Foreclosure?
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