June 27, 2011 Leave a comment
When it comes to Central Vermont real estate many people are wondering whether now is the time to rent or buy. It is definitely a good question to ask. Many people are saying that there could not be a better time to buy Central Vermont real estate, but that does not necessarily mean that now is the time for you to buy. There are benefits to renting and benefits to owning, and it is a great idea for your to analyze your situation and decide what is best for you.
Buying Central Vermont real estate has its benefits. History shows that long time home ownership pays off, but as with all investments timing is everything. The key to making the most profit in anything is buying low and selling high. Now is a great time to buy Central Vermont real estate, as you are certainly not buying on the upswing. The pros of buying are very much for the end investment and the ability to write off mortgage interest come tax come. The critical criteria has to be whether you can absolutely make your mortgage payment each month and take care of home issues that may arise.
Renting Central Vermont real estate is a prudent move if you don’t know where you will be living or working in year or two. Renting also negates the necessity to make repairs and involves less investment in a home. In a renting situation you can walk away at the end of a lease and never look back.
Is renting or owning Central Vermont real estate right for you? Only you can decide. If you want to sit down with a Central Vermont REALTOR® to talk about your options contact me, Gregory Noyes, today. As a Central Vermont REALTOR® I have the experience you need to understand our local real estate market and what your options may be. I am a broker in the BCK Real Estate Rochester office but have access to real estate throughout our Central Vermont area.
BCK Real Estate is the home of Vermont Real Estate. Click here for free access to the Vermont MLS. We represent buyers and sellers of Vermont Real Estate, specializing in Montpelier, Barre, Northfield, Rochester, Stowe and Waterbury.