Renters, Who Do You Think Pays For Repairs?
Financial commitments are often the biggest factors that come between aspiring homeowners and the homes of their dreams. Many would-be potential buyers let the assumption that they can't afford homes of their own deter them from researching the topic thoroughly, and as a result, they fail to recognize that owning a home is actually much more affordable than they previously thought. As your trusted real estate agent in Colorado Springs , I'm here to help make you aware of why renting may not always be the most cost-effective solution. Rent Costs Are Expected To Increase People typically choose to rent when they think they can't afford to own, but the fact remains that rent prices consistently rank significantly higher than mortgage costs for comparable properties. By renting out their properties, landlords and/or property management companies aim to cover their own mortgage payments while managing to bring in some extra income at the same time. Thanks to infl...