All Topics > Real Estate Resources > Home Renting vs. Buying >

Home Renting vs. Buying Michigan

In most instances, as real estate agents will tell you, buying a home is better than renting. However, there are some situations where renting makes more sense.

Local Companies

www.crowleyrealestatesolutions.com
734-444-8990
9911 shadyside
Livonia, MI

Century 21 McCoy Real Estate
231-218-7817
PO Box 456
Suttons Bay, MI

Safer Homes LLC
517-639-3935
919 Ely Rd
Quincy, MI

Coldwell Banker
616-355-6305
466 E. 16th st
Holland, MI

Tom Frame - Kalvan Realty
(269) 580-2259
226 Monroe Street
Bangor, MI

Coldwell Banker Woodland Schmidt
616-355-6305
466 E. 16th st.
Holland, MI

Tomie Raines Inc
517-242-1897
1400 Abbott Rd
East Lansing, MI

Turning Point Buyers Realty
616-990-0004
Please call for a personal appointment
Grand Rapids, MI

Re/Max New trend
248-988-8888 X 223
122 Concord Road
Bloomfield Hills, MI

Kathy Toth & Team Keller Williams Realty
734-669-0337
2144 S. State St.
Ann Arbor, MI

Provided by:

Click here for more content from HowToDoThings.com

Most real estate agents will tell you, without hesitating, that it is always better to buy than rent. In many instances, in fact, most instances, this is probably good advice. Here are some situations where renting makes more sense than buying.

Interest rates. If you do not have much money to be put towards a down payment, if your credit report is hindering your ability to secure a loan at a decent interest rate, or if your mortgage broker cannot get you an attractive overall package, it may be a good idea to wait until this changes. Typically speaking, the more money you put down at closing the lower the interest rate. If you think that, in the next year you may be able to muster up more cash, wait. If you think that your credit report has blemishes and you can clear them up in a year's time-wait.
Job uncertainty. If you are a professional working with a company that can, or does, transfer you to different cities in short periods of time, then it may not make sense to buy. Renting allows you the flexibility of moving at the drop of a hat. If you are a professional on the move, make sure any lease you sign is a "tenancy at will", meaning, you can leave on 60 days (or a different agreed upon time) notice. Breaking a lease can be expensive, so keep this in mind.
Traveling. If you are constantly traveling with your job; particularly overseas, you may want to consider renting until you find the place you want to settle in. Owning a home requires that you are around (or someone reliable is around) to maintain your property. Being an absentee landlord or owner can be stressful since you are never able to take proper and full care of your purchase.

...

Click here to read the rest of the article at HowToDoThings.com

Author: Grace Bloodwell

Featured Local Company

www.crowleyrealestatesolutions.com

734-444-8990
9911 shadyside
Livonia, MI

Read more about Home Renting vs. Buying

- Buying a Mobile Home Michigan

Buying a mobile home can be easier in many ways than buying other types of houses. The steps below will assist you in taking the proper steps to finance and buy a mobile home of your own.

- How To Rent a House Michigan
- Should you rent or buy a home? Michigan
- Buying a House Before You're 30 Michigan
- Information For Renting Cottage Michigan
- Buying Your Second Home Michigan
- Don't Buy the Myths: Renting Can Be a Smart Decision (part 1) Michigan
- Income Properties Michigan
- Don't Buy the Myths: Renting Can Be A Smart Decision (part 2) Michigan
- Diversify Your Portfolio by Renting Michigan

Regional Articles

- Don't Buy the Myths: Renting Can Be A Smart Decision (part 2) Michigan

The following real estate tips contain all the information you need to know about renting versus buying a home. Read on for reasons why renting is better than buying.

- Income Properties Michigan
- Buying a House Before You're 30 Michigan
- Don't Buy the Myths: Renting Can Be a Smart Decision (part 1) Michigan
- Buying a Mobile Home Michigan
- How To Rent a House Michigan
- Information For Renting Cottage Michigan
- Should you rent or buy a home? Michigan
- Buying Your Second Home Michigan
- Diversify Your Portfolio by Renting Michigan

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History