Making the Move: Renter to Homeowner

From Renting to Buying in Maricopa, AZ

I am a real estate agent that specializes and lives in Maricopa, AZ.
I can assist you with purchasing or selling a home.
Jason Bechtold, Realtor
The Maricopa Real Estate Company
Call or Text (732) 306-7971
JasonBechtoldRealtor@gmail.com

Renting definitely has its benefits, especially in Maricopa where a zero down payment financing option exists.  There are low upfront costs. You have more freedom to relocate if your career calls, you can move closer to a loved one on a whim, or if you simply desire a change of scenery you can easily make that happen. If a pipe breaks you are merely inconvenienced by making a phone call to your landlord to have it repaired.

However, you may eventually get the itch to own. Why? Let’s take a look as some reasons.

Build Equity
When you buy a home your payment each month contributes to paying off your mortgage loan. You then gain equity that you can borrow against for any major purchases that may come up. You can also refinance your home to try to get a lower interest rate. When and if you decided to sell your house all of that equity will be a cash profit. Home values go up and down but over the years real estate has consistently appreciated. You can check the Home Price Index by state on the Federal Housing Finance Agency website http://www.fhfa.gov/?Page=14.

Tax Deductions
Unlike renting, you can deduct mortgage interest and property taxes. Also, if you own your home long enough you will not have to pay capital gains tax when you decide to sell.

Stability
With rent increases you do not know what you will be paying in a few years from now. However, let’s say you buy a home with a 30 year fixed rate mortgage. You will basically have the same payment amount for the next 30 years.

Related: Search Maricopa AZ Homes for Sale and
9 Things to Consider When Making an Offer

Settle Down
When you own a home you may find yourself becoming more involved in the happenings of the community. You will gain a sense of home, stability, and pride. You could make long-term happy relationships with neighbors and find many opportunities to volunteer and be involved in making your community the best it can be.

Investment
If you decide to move you may have the option of keeping your home and using it as an investment property. You can rent it out and use it as a platform for generating income.

If this were the route you would like to go you could start preparing now. Start building your credit score. Save some money to cover closing costs, a down payment, and your move. Connect with me to be your guide on this new journey.

First Step
The first thing you will want to do to get started is speak with a mortgage lender.  They will talk with you and see how much you qualify for.  Then we can start looking at homes in your price range and will have the ability to make offers.  If you need a recommendation on mortgage lenders, let me know and I can tell you the ones I work a lot with.

Contact Me…


________________________________

To Buy or Sell a Home Contact:
Jason Bechtold, Realtor
The Maricopa Real Estate Company
Cell: (732) 306-7971
jasonbechtoldrealtor@gmail.com

Great Links…
5 Reasons to relocate to Maricopa, AZ?
Pros and Cons of Living in Maricopa
What’s it Like Living in Maricopa?
Is Maricopa, AZ Safe?
Search all Homes for Sale in Arizona from the MLS
LIKE me on Facebook

One thought on “Making the Move: Renter to Homeowner

  1. Pingback: Rental Homes in Maricopa, AZ | Move to Maricopa, AZ

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