Rent or buy
Rent or buy, which choice do you make?
Would you like your own place or are you ready for a new home? The question then is: are you going to buy or rent a home? In the current housing market there is little choice and buying a home has become a luxury. In this blog we give you, as a home seeker, tips to answer the question: should you buy or rent?
The pros and cons
With your own home you build up your own capital, but you do have costs that a tenant does not have. Would you like complete freedom? Then renting is more for you, because you can cancel your rental contract whenever you want. NB! The landlord of a home may increase the rent annually, so take this into account in your decision.
Buying a home for sale
Nowadays you need a lot of your own money to buy a home. Did you know that you also have to pay approximately 6% of the purchase price yourself? You buy a home with a loan from the bank: the mortgage. You must repay the money you borrow to buy your home within 30 years. Every month you repay an amount on the loan for your home. Did you know that most homes increase in value over time? Are you moving and do you want to buy a new home? Then you can use the surplus value of your old home to pay part of the new home and ensure that your monthly mortgage costs are lower.
The costs of a rental home vs. owner-occupied home
The costs for a rental home are very different from those of an owner-occupied home. Only the costs for fixed monthly expenses such as electricity, gas, water, internet and insurance are the same. Do you own your own home? Then there are the costs for maintenance, tax on your own home and, for example, building insurance. Are you looking for an overview of the costs of buying a home?
The 9 questions for a good choice
No one knows what the housing market will do, but if you want to make a good choice, it is good to ask yourself the following questions: What is your age? How long do I want to live in the house? How much savings do I have? How stable is my income? Which region do I want to live in? Am I eligible for social housing? Can I get housing allowance? How much maintenance does my dream home need? Will interest rates fall further? With the answers to these questions you can choose the certainty of buying or the freedom of renting. Can't figure it out yourself? The real estate agents of ECHT Makelaars & Taxateurs happy to help you! Laurens and Sven know what the housing market looks like and what the best choice is for you to make!
Do you want to use our knowledge? Please feel free to contact us for a no-obligation introductory meeting. The coffee is always ready! 072-202 131 20 | info@echtmakelaar.nl
