March 2011-- Charlotte NC Real Estate Market Update

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Want more information about the Mint Hill, Matthews and Charlotte area real estate market? Check out www.minthillrealty.com

Renting versus Home Ownership in Charlotte

Renting versus Home Ownership


Which are you doing?

Are you a home owner, or are you a renter?

Both have benefits and disadvantages, and nobody should make the decision without thinking through all of them. Let’s look at some of the pros and the cons…

Home Ownership: Pros

• Well, it is yours! You own it! No landlord to tell you what to do and when to do it! While you might have a home-owner’s association or condo association to deal with, this is your property – to do with what you want. Pets? Sure! People in an out? Yup! Paint the ceiling? Why not!

• Ownership gives you a sense of security… This home is yours! Nobody can take it for you as long as you keep up the payments. You are the king of your castle! Do with it, as you will!

• A great investment, one that should appreciate in value and serve your hard-earned money. Land, and real estate, is almost always a solid return on your hard-earned greenbacks.

• Taxes benefits! Let’s say it again, TAX BENEFITS! Home ownership usually leads to some healthy love from Uncle Sam!

• If you ever need another loan again, you have made an incredible positive mark on your credit rating. Plus, equity in your home helps you get a line of credit when you need it!


Renting: Pros

• Freedom! Freedom! A mortgage, and a home, can tie you to a town or city for a long time. If you rent, you can pick-up and leave whenever your lease is up! In these trying economic times, that is sometimes crucial when looking for work!

• Responsibility – or lack of it! The roof leaking is not your problem. Major snowfall, no need to shovel. Your landlord or property management agency are better then your parents!

• Options are always unlimited! Rental properties can come in all kinds of shapes and seizes, and be in locations all over the place. You might not be able to buy a beach home, but I bet you can rent one!

• You get what you pay for…. We encourage people to think of real estate as an investment, but like any investment – sometimes even the most solid investment can go BAD! It happens, occasionally. Renting allows you to never worry if the neighborhood is going to go bad or they will build a toxic waist dump next to your family’s duplex!

Some of these pros might sound like cons to you. Some of these pros might seem appealing to you. Depending which you are geared towards – you now have a clearer idea of whether renting or owning is ideal for you. And remember, it isn’t a life-time commitment with either. We can buy, rent, sell, own, and rent again all in the space of our long lives. Each option gives you some interesting potentials – you just have to figure out which one works for you at what time….


If you are looking for information on home ownership in the Mint Hill, Matthews or Charlotte areas check out http://www.minthillrealty.com/

Home Ownership vs. Renting

Home ownership or renting a home? It is really the ultimate question. It’s a huge decision as both have benefits and disadvantages, and nobody should make the decision without thinking through all of them very, very carefully. Now, you can call me biased, but I honestly believe that the American dream of home ownership is still the best decision. But I'm not just simply repeating the company line, I have several solid reasons for you to give up that lease arrangement and move into your own home.

When you own a home, you:

-->Set your own rules! Freedom! No landlord to tell you what to do and when to do it! While you might have a home-owners association or condo association to deal with, this is your property – you can paint the walls any color you want! You have the freedom to do what you like in terms of renovating and decorating your home and gardens! If you haven’t been able to have a pet, homeownership will let you have as many critters as you want…(HOA rules permitting!)

-->Have a sense security… This is yours! Nobody can take it for you as long as you make your mortgage and tax payments!

-->Have the greatest investment! They don’t make land anymore, so you own a piece of something rare – that even with market corrections and contractions, will only appreciate in value.

-->Enjoy incredible rebates and deductions! Try writing off your rent – bet your accountant won’t let that happen…

-->Your mortgage payments are sometimes even lower than your rent! While you might face increasing rent payments, you are locked into a mortgage payment that you always know (with a fixed rate, of course!) …And the money isn’t paying off someone else’s mortgage – it is paying off YOURS. You are building equity in your home with each payment!

-->And if you ever need another loan again, you have made an incredible positive mark on your credit rating.

When it really comes down to it you have to make the decision for homeownership when the time is right for you.

Contact me, Rich Ferretti to discuss how you can fulfil your dream of home ownership today! I am here to provide you with as much information and help as possible.

Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out http://www.minthillrealty.com/