Are you still renting a Port Angeles home or apartment for yourself or your family?

If so, you're losing money. Think about these three ways you lose money by renting In Port Angeles:

1.  You're paying for someone else's mortgage payment. You're missing out on the appreciation that the Port Angeles property gives to the landlord. Appreciation is a term used in accounting relating to the increase in value of an asset, which means in real estate terms, added value to the property. Over the past five years, Port Angeles houses appreciated significantly, making many new Port Angeles real estate investor's very wealthy indeed.

2.  Renters don't get to freeze their monthly housing expenses like Port Angeles home buyers can. Of course, many home buyers get mortgage payments with adjustable interest rates and their payments go up over time. However, these payments will not go up over the long term like rising rents. Just think about how much an apartment costs today compared to ten years ago. A two bedroom apartment in Port Angeles, Washington leases for $800 -1,000 today. The exact same apartment rented for $325 - 500  in 1996, when it was brand new. Home buyers in Port Angeles who had low monthly payments in 1996, who did not refinance their mortgage, enjoy low payments and don't have to worry about rising rents.

3.  Renters don't benefit from tax advantages. Home owners get income tax deductions. Tax deductions for interest costs, for instance, save tax payers thousands of dollars.

Emotional Satisfaction of Home Ownership in Port Angeles

Besides losing out on making money with real estate, renters don't get the same satisfaction of home enjoyment that benefits Port Angeles home buyers. Many landlords won't allow you to paint your walls in colors that you desire. Also, you won't feel like fixing up the property with custom window coverings and you get little say in flooring materials. Because you can't make your personal statement, you won't feel like you're HOME as much as Port Angeles home owners who feel emotionally connected to their property.

How to Buy Your First Home

The biggest barrier to home ownership is often accumulating funds for a down payment. People think they have to have thousands of dollars for a down payment. However, if you have good credit and a decent job, you can get a mortgage for a home with zero down. And you can finance some of your closing costs as well as ask the seller to help you pay a good portion of your purchase costs. With today's mortgage finance plans, you may be surprised to find out how much of a Port Angeles home you can afford with payments similar to what you currently pay in rent.

Are you still renting a home or apartment for yourself or your family? If so, you're losing money. Besides losing out on making money with real estate, renters don't get the same satisfaction of home enjoyment that benefits home buyers. If you're renting, find out how to to buy your own home.

There is a lot of free information available to you about buying, selling or investing in Port Angeles real estate. For complete information about the Port Angeles real estate market including, current homes for sale, property values, foreclosures, short sales, relocating information, …..Really….. Providing everything you need to know about Port Angeles Washington Real Estate ….Please visit my website at:  http://port-angeles-real-estate.com

Please feel free to contact me (Steve Edwards) at anytime. I’ll be happy to answer / address any questions or concerns you may have.  Call me… I can be reached on my cell at: 360-809-3064 or  by email at steveedwards@olypen.com.... or ….Simply fill out the short form provided below and I'll reply back to you very soon. 

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Steve Edwards