But houses just like this one rented for $700 per month a savings of $5,100 per year!
you’ve got the option to guess the rest of the story.
Im glad we chose to wait.
Later it made sense to buy.
Are You Ready to Buy a Home?
First, though, are you ready to buy a home?
You even love to mow grass, clean gutters andshovel snow.
You want a home of your own, but maybe you also want it to make financial sense.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
I found the Trulia report to be fairly thorough.
It even provided for maintenance costs, something first-time home buyers often overlook when comparing buying to renting.
On the other hand, some assumptions may not make sense for your situation.
For example, Trulias methodology involves adjustments for size.
But is that relevant?
And maybe there are no great 800-square-foot houses to compare your apartment to.
The importance of size depends on layout.
How do you compare the responsibilities of homeownership to the simplicity of renting?
These are personal, situational, and often intuitive calculations.
And there could be a lot of them.
For example,you might be better off renting if…
Andyou might be better off buying if… And yes, there could be a housing crash a year after you buy.
You take risks buyingorrenting, and the calculations above involve a lot of guessing.
But they give you a place to start.
You pay $200 annually for renters insurance.
You figure repairs and maintenance at about $200 per month.
Also, small changes in your assumptions can make a big difference.
Steve Gillman is the author of 101 Weird Ways to Make Money and creator of EveryWayToMakeMoney.com.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
