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Rent or Own
Invest in your future
Every prospective homeowner eventually faces the choice between renting and buying. There are common misconceptions that buying is always more expensive than renting or that the tax deduction always justifies buying instead of renting. The truth is that your decision should be a function of current affordability and desire for creation of wealth in the future. For many people, there is also tremendous emotional value to owning your own home. Only you can determine how much ownership means to you. If you decide to buy, know that with today's interest rates and wide array of mortgage options, purchasing a home is often more feasible than you might think, and may be a smarter financial choice in the long run.
Some benefits of buying include:
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Your mortgage interest and property taxes are typically tax-deductible
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You have the potential to start building equity through principal payments and
potential price appreciation
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You can fix your mortgage payment at a predictable amount, whereas rent
typically increases annually
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You can personalize your home
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You can have pets
Some benefits of buying a new Olson home include:
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Piece of Mind – A 10-year limited warranty
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Contemporary Designs – flexible, open floorplans, larger, open kitchens and
more natural light
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Make it Your Own – ability to personalize your home with Olson Lifestyle
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State-of-the-art – access to latest technology, such as structured wiring and
associated systems for audio, video, Internet, wireless, security, etc.
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Greener, healthier – no more living with asbestos or lead-based materials
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Energy efficiency – built–in to windows, toilets, appliances, insulation,
lighting and HVAC
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Structural integrity – built to strict city and county codes
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No history – no skeletons in the closets – it's brand new!
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Low maintenance – everything is at the start of its useful life
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Newness – it's NEW, clean, pristine, and untouched
Need more information on the decision to rent or own? Click here to view some common home buying myths or click here for our rent vs own calculator.
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