Tag: good schools

Are you considering renting in Northern Virginia?  With remarkably low interest rates, perhaps you should consider buying?  Here are 5 solid reasons that buying is better than renting.  

1. Be your own landlord. The landlord picks the paint colors.  The landlord decides whether pets or smoking is allowed.  If you are the landlord, you make the decisions.  And you decide whether to extend your lease or not.
2. Paying the principal is forced savings. Everyone knows that paying off a mortgage is better than paying rent forever.
3. Fixed-rate mortgages never rise – and eventually you pay them off. With mortgage rates at record lows, people who buy now are locking in real bargains.
4. Good schools. Family-sized rentals are harder to come by in areas with excellent public schools.
5. Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned – not rented.

Why buy a home?

According to a new realtor.com® survey of more than 1,000 home shoppers, increasing rental costs are pushing more young adults toward homeownership, with 23 percent of buyers between the ages of 18 and 34 reporting rising rents as a trigger for their recent home purchase. “Although record-low inventory and high prices make this housing market unique, some classic features still top most shoppers’ wish lists,” says Danielle Hale, chief economist for realtor.com®. “At the same time, we found some clear differences in priorities. For instance, older buyers are concerned with privacy and being able to age comfortably, while millennials place more emphasis on family needs, stability, and personal expression.”   For more information or to set up an appointment call Stuart at (703)765-0300.