Savage Rental homes: Is It Better To Buy or Rent?

Savage Rental homes: Should I Rent One Or Buy?

If you are in the hunt for Savage rental homes, hold on for a moment and consider the differences between renting homes versus owning. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying a home?
Savage rental homes, of course, usually have the advantage that you can get out of a lease arrangement within 12 to 24 months. This advantage comes at a cost, however, , in that the amount of your rental payments will often times exceed those of a typical house payment these days. Additionally the rental deposit may well be in excess of the entry cost required for buying a Savage homes after considering all of the down payment assistance programs available for first time home buyers. Finally, perhaps the real cost in renting a homes is the fact that you are helping someone else buy their home with your rental payments helping make THEIR house payments.

Benefits To Look For Savage Rental Savage

Still, the advantages of renting may be worth it to rent if you will be moving again to a another city at the end when your lease expires. I tend to think that if you buy a home today you should plan on staying in it for a few years while the market develops.

Benefits To Buying Savage homes for the First Time Buyer

With all of the great benefits available to the MN first time home buyer today, it is hard to know where to start in terms of benefits. The State of Minnesota now offers special loan programs through its Minnesota Housing Finance Agency to offer reduced interest rates as well as down payment assistance. Additionally many communities today offer additional down payment assistance loans or grants that both reduce what you need for cash to close as well as reducing your monthly payment.

First Step: Get Preapproved For Mortgage Financing

One of the most important factors in searching for a home is to get preapproved for mortgage financing. Some buyers leave this detail it to the very last minute Most buyers leave it to the last minute But it’s very important, especially for the MN first time home buyer to get preapproved for a hoome loan before searching for a home. Please email me and I will help you with getting started in the process with a Minnesota mortgage banker.

Developing now into a bedroom community to Minneapolis and Saint Paul, Savage has approximately tripled in size over the past two decades. Filled with affordable homes for sale, Savage, MN has become a favorite spot to look for real estate deals for the MN first time home buyer. Conveniently located just west of Burnsville, living in Savage means you will have a 20-30 minute commute to some of the largest employers in Minneapolis. With a well developed Park and Rec program, it seems like homeowners of Savage always have something fun to do. If you're planning on buying or selling MN real estate, please take a moment to give me a call.

Savage Rental homes: A summary

If you have not yet thought of buying a homes I would like the opportunity to discuss with you about the benefits of both rental homes in Savage versus buying a home. I encourage you to take the first step which is to call or email me.




Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale