why rent when you can own?!!
Kiss your landlord goodbye!
why rent when you can own?!!
Kiss your landlord goodbye!
Your Current Rent Could be your Future Mortgage Payment!
Why Own Your Home?
If Your Rent Is You Could Purchase Renting Costs Add Up
$1,100 $150,000 1st Year: $15,600
$1,300 $175,000 5 Years: $78,000 $1,500 $200,00 10 Years: $156,000
Buying
If Your Rent Is You Could Purchase Renting Costs Add Up!
$1,100 $150,000 1st Year: $15,600
$1,300 $175,000 5 Years: $78,000
$1,500 $200,000 10 Years: $156,000
$1,700 $225,000 30 Years: $468,000
Renting
Pros
- No maintenance required
- Avoid depreciating value
- Amenities included
- Appliances and utilities are sometimes included in monthly payment
Cons
- No tax benefits
- Monthly payments increase between 2-5% per year
- Paying your landlord’s mortgage
- No equity or financial gain in the home you live in
- Can’t make changes you’d like to with the property
- Locked into lease
- Pet deposits and restrictions on types of pets
Creating wealth starts with homeownership
Why Own Your Home?
Owning a home is a dream for many people but it can also be a scary process. Besides being able to do what you want and decorate how you like, there are many other benefits to home ownership. Home ownership is actually an excellent way to get ahead financially and is considered affordable when a household pays less than 30 percent of their income towards housing payment. The impact of owning a home and having affordable payments is powerful, but it’s not just about owning a house. It’s about having a home, strengthening a community, and building the foundation for a better life.
Buying
Pros
- Equity of property becomes an asset and appreciates in value
- Owning allows you to make your house a home through improvements
- Positive tax ramifications
- Fixed-rate means stable mortgage payment
- Payment eventually ends
- Control how long you want to live there
- Paint the rooms any color you want
- Pets are ALLOWED
- Monthly payments build equity which allows you to establish an equity line of credit
Cons
- Cash Investment
- Maintenance and costs
- Mandatory homeowners insurance
Renting
Pros
- No maintenance required
- Avoid depreciating value
- Amenities included
- Appliances and utilities are sometimes included in monthly payment
Cons
- No tax benefits
- Monthly payments increase between 2-5% per year
- Paying your landlord’s mortgage
- No equity or financial gain in the home you live in
- Can’t make changes you’d like to with the property
- Locked into lease
- Pet deposits and restrictions on types of pets
Meet the Team
Leslie Reed-Broker-Chinowth and Cohen Realtors
My Real Estate Experience and Expertise
I have been helping clients with all of their real estate needs since 1996 and over 90% of my business is repeat and referral from past clients, friends, and family. I had been with the same office for 26 years before moving to Oklahoma and am very proud to be working with Chinowth and Cohen. I am a full-time Realtor and have vast experience and knowledge of single-family homes and condominiums. I also have experience in helping clients purchase/sell rental properties. We have several rental properties that I manage so I am experienced in helping clients decide what is the best direction for them when investing.
Certifications
Relocation Specialist • At Home with Diversity Certified • Senior Real Estate Specialist • Ninja Certified • Accredited Staging Professional
My Business Approach
My goal when working with clients as your Realtor is to make the process as stress-free and fun as possible. If you are selling, my goal is to help you attain the best price for your home within a reasonable market time and if you are buying, I want to help you find the right home at the right price. I help you achieve your goals and desires and I take care of the details, making sure that your real estate transaction is as enjoyable as possible. By doing this, it is my goal that you would refer your friends and family to me when they are ready to buy or sell. I truly want to be “your real estate consultant for life”! A satisfied client is what I work for, not only during the transaction but after the home is bought or sold as well. I believe that if I deliver above and beyond what you expect in service, then you in return, will give me your help by referring your friends and family.
Agent #2
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