Are you considering renting in Northern Virginia? With remarkably low interest rates, perhaps you should consider buying? Here are 5 solid reasons that buying is better than renting.
- Be your own landlord. The landlord picks the paint colors. The landlord decides whether pets or smoking is allowed. If you are the landlord, you make the decisions. And you decide whether to extend your lease or not.
- Paying the principal is forced savings. Everyone knows that paying off a mortgage is better than paying rent forever.
- Fixed-rate mortgages never rise – and eventually you pay them off. With mortgage rates at record lows, people who buy now are locking in real bargains.
- Good schools. Family-sized rentals are harder to come by in areas with excellent public schools.
- Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned – not rented.
Homeowner's Association or Fee Simple?
Benefits of No Association
- Absence of monthly homeowners or condo fees
- Less stringent rules and regulations
- No homeowners or condo association that can impose restrictions without your consent
- Fewer parking restrictions and fees
Homeowner Association Benefits
- No need to save money to cover what condo fees will cover:
- Roof repairs/replacement
- Common area repairs
- Yard Maintenance
- Maintenance, paving, and plowing of the driveway, sidewalks, and curbs.
- Siding and gutter maintenance or repair
- Some have controlled access
- On site community amenities from club rooms to pools and exercise rooms
- Maintenance of Common Areas
- No "surprises" from neighboring "improvements"
For more information or to set up an appointment call Stuart at
(703)765-0300.
