Renting vs owning, buying your own Maine home.
Consider that Maine real estate ownership is the best hedge against inflation bar none. That when you own your own Maine home, you can make improvements, celebrate holidays, eventually own the place. With renting, you are throwing “cash in the trash”. It is like treading water and not making any headway to get away from that over your head feeling where you can not touch bottom.
Your monthly rent will go up, and if the place you lease is wasteful energy wise, good luck getting the landlord to do more than collect the increasing rent installments. You can never save up to buy when the high rent is keeping you poor.
Many rental apartments are more expensive than owning, buying a Maine home.
Rent too long and the financial monthly strain interferes with savings to ever being in a position to buy a Maine home.
If you want a Maine home just like mom and dad now own, consider they started in in a small second, third floor apartment rental. Worked their way up. But they were anxious to not waste money on rent to make the Maine landlord wealthy too.
They scrimped, saved, went without to get at that time a 25% down payment to purchase.
Nowadays consider the many no down, low down Maine home buying programs. Maine bank interest rates have never been lower, any more attractive. Start off in a mobile home, a modest Maine home knowing it is a starter place. Work your way up.
Maine home ownership makes you a bigger part of the community too. You are invested in the local economy and what happens in your hometown becomes more important.
When you become a Maine home property tax payer, you suddenly are more concerned how the local funding for schools, recreation, police and fire are spent.
And making sure to vote to get your town’s monies worth out of the taxes raised from you, your neighbor’s properties on both sides. Respect for your own Maine home is much different than just paying to use another persons property month to month too. You step up to protect your investment and live for the day when the mortgage burning party happens for “free and clear”.
Rents go up and you can move or grumble to find a cheaper one But moving is expensive too with hooking this up, disconnecting that service. Just dig deeper in to the wallet you sit on, the purse you carry is what many do. For many folks a Maine home, the biggest investment most people ever make represents a savings bank they just struggle to create. Houses to rent are hard to find and apartments that you would want to live in are rare too! Not everyone wants to be a landlord either.
Your Maine home equity is money in the bank. Doubling up on payments, refinancing to get the lowest possible home mortgage rate out there. Make it a game, sport of owning your own place.
A Maine home you and your family are proud of, where your kids grow up.
Memorable holiday traditions, neighborhood sleep overs, kids having fun, laughing in the home’s rear yard.
In many areas to buy a home for hundreds of thousands of dollars is impossible without extra rental income helping make the mortgage payment. Maine is low cost housing. A real estate buyer has a distinct advantage! You can buy without the other renters, tenants chipping in to help make the monthly mortgage installment necessary to swing a place in small town Maine. Being able to afford way more Maine home for far less money is a perk to Maine. A place where you get all you love, free of what you don’t want.
The option of a Maine lake home, with farm land, a Victorian or with multi units is within easy reach. Let’s talk, get your qualified for the best Maine financing package available. A tailor made Maine home coupled with a loan payment you can swing. Be able to sleep nights.
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207.532.6573 [email protected]
MOOERS REALTY 69 North Street Houlton Maine 04730 USA