Should You Rent or Buy?

11415768915_83a98098aaThinking about moving? Whether you’re relocating to an all-new city, heading across town, or spreading your wings and landing your very first place, moving can be a very exhilarating experience! Aside from where you want to move, though, you will be faced with one of the most important questions – should you rent or buy?

The answer to your question will depend on a many different factors. To give you a brief overview, here are a few pros to why you should buy and why you should rent:

The Pros of Buying

It’s All Yours in the End – When you pay off your home, it’s absolutely all yours! Better yet, you won’t need to pay off your mortgage once you reach that point. You’ll only need to continue paying your property taxes.

You Get to Be More Creative – After you buy your home, you get a lot of freedom to do whatever you’d like. You can paint the walls whatever colors you want, hang up your favorite paintings and photos, and make home improvements as long as they don’t break local building codes or any homeowners’ association rules.

You Could See Tax Benefits – These tax credits, which can help offset some of the costs of homeownership, aren’t available to renters!

Build Up Your Equity – Homeowners have the unique opportunity to build up their home equity in time. Any updates you make to your property can increase its curb appeal and your home’s value. Renters can’t experience this!

 

The Pros of Renting

Cut Some Costs – When you buy a home, you own it, but you also have to pay quite a bit in interest and taxes. Renting only requires you to make your monthly payment to your landlord, along with your utilities if your landlord requires it (some don’t!).

No Hassle for Repairs – If a pipe bursts or your air conditioning unit breaks down, you don’t have to hassle yourself with finding a professional to make the necessary repairs. Just call your landlord or superintendent. Better yet, you don’t have to pay for it!

Relocation Is More Convenient – If you happen to have a job that requires you to relocate frequently or if you’re just starting out in your professional life, renting is usually an easier option. It’s often much less time-consuming and easier to relocate if you rent your home or apartment.

Although there are many pros to renting and owning your place, there are several individual factors that you need to take into account along the way. You’ll have to look at rent prices and the cost of housing in your area, interest rates, your own financial situation, and how long you plan to live in your home, just to name a few. Either way, it all comes down to crunching some numbers and determining what’s right for your own situation.

Whether you choose to rent or own, you can count on one real estate team to help you find the perfect place – The Massey Team at Berkshire Hathaway HomeServices Elite Properties. Call us today at (618) 791-5024 or (618) 791-9298 to begin your search today or view our many listings online at www.dianamasseyhomes.com!

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6 Steps to Help You Have a Successful Post-Move Garage Sale

imagesYou never really know how much stuff you’ve accumulated through the years until you move! This is a saying that many who have moved into a new home know to be true. If you’ve recently relocated to a new abode and you weren’t able to purge any of your unwanted or unneeded items, you’re probably wondering where to even begin with your towering boxes of possessions you no longer need.

While it may seem daunting at first, you can get rid of all the things you don’t need successfully, one step at a time, by holding a garage sale. Garage sales (or yard sales) can help clear out all that clutter while helping you score some cash in the process. Here are 6 handy steps to help you organize a successful garage sale after you move:

Dedicate a Space – Before you begin gathering your garage sale inventory, it’s best to dedicate a temporary home to store all of your items in. You can set aside your garage, an unused guest room, or a portion of the basement to help you store and sort through your unwanted belongings. Make sure that your space has enough room for you to assess, clean, and price your items!

Start Compiling Your Sale Items – Now it’s time to gather everything you don’t want or need anymore. As you go through your boxes, ask yourself if you’ve used it, worn it, read it, displayed it, or cooked with it within the last year. If not, put it in the for-sale pile! Try to group like things together to make the process even easier.

Begin Pricing – Once everything is sorted, start pricing all of your items. Avoid coming up with general prices for like items – it’ll be easier on you to remember what your price is per item, and your buyers will be more apt to buy when they can see the price. Use masking tape or small adhesive stickers to label your items properly. Not sure how much to ask for your items? Look around in garage sale ads in the local newspaper, on Craigslist.org, or by visiting a few garage sales in your neighborhood to get a good idea.

Don’t Forget to Advertise – A successful garage sale is one that is advertised! Set the date and time for your sale – Saturdays are typically the best. Plan to advertise your garage sale on your social media pages, in the local newspapers, and even on Craigslist. Don’t forget to put up garage sale signs to help direct would-be buyers to your event!

Set Yourself up for Success – When you start setting up your garage sale, try to think like a storeowner or a shopper would. You’ll want your customers to be able to move around and browse freely and comfortably. You will also want them to be able to see all of your items easily. Display your things in a way that intrigues your buyers, and make sure that your big-ticket items are positioned near the front. Remember, you’re trying to display unique treasures, not your unwanted junk!

Have a Game Plan for Leftover Items – If you find that you have some leftover items after your sale (and you probably will – don’t worry!), make sure that you know what you want to do with these items. The easiest actions to take are to either donate your items to a thrift shop or give them to a charity. If you know a friend or family member who is having a garage sale soon, see if you can try selling those unwanted items at their sales.

We hope that these tips help you organize a successful garage sale that will give you more space (and more spending money!) in your new home. Did we miss anything? Let us know in the comments below or on our Facebook page!