Make Minot Home - Minot Real Estate Specialist - Betsy Edwards
  • Advanced Search
  • Featured Properties
  • Selling
  • Buying
Login
7017202593

Sign in to your account

Need to reset your phone number?

Don't have an account with us?

Click here to sign up.

Should I rent or should I buy? Start here!

TO
Advanced Search

Address Search

Should I rent or should I buy?

The age old question, “Should I rent or should I buy?” This debate has been going on for what feels like an eternity and it could leave someone in the market for a house with a whole lot of questions that aren’t so easily answered. One of the biggest benefits of investing in a house is the home mortgage rebate tax. However, there is absolutely no rental tax rebate, therefore, a lot of money is left up for grabs when you decide to rent instead of investing in a home. As a whole, it really is cheaper to have a mortgage than it is to rent in the majority of the countries all over the world. Near-historically low home loan interest rates have a lot to perform with this because they are around 4%. Also, consider that whenever you rent a house, the money is gone and goes into someone else’s pocket. Every month you pay rent. You have a roof over your head, nevertheless, you have accumulated no collateral when you are prepared to move on. When you purchase a property, the amount of money that you put into the house can be an investment towards your future. Realtor.com is forecasting prices will rise around 5% this year alone. So when you decide to move on from the home that you are in, you will leave with the amount of money that you placed into it, instead of walking away with nothing at all, which is the case when you rent. Most of the downsides to buying a house is that you are responsible for maintaining the house. As you maintain and upgrade your house it pays off as it pertains time to market, as this increases the value of the house. In addition, you increase the curb appeal of the property, so you could have more potential buyers. Another benefit of investing in a home rather than renting is that it's your home, you can do with this whatever you wish. Personalize your house by painting it any color, make any additions that your heart desires and that means you make it truly your very own. When you rent, you cannot make substantial adjustments, like renovations or a paint without expressed permission. Here are just a few more perks in becoming a homeowner: As a home owner, there are plenty of things that you are eligible for when it comes to tax deductions such as for example property taxes, and mortgage curiosity on your primary residence as well as the second one. There are limits however the number of taxpayers affected is definitely minuscule.

When you rent, your hard earned money goes straight into your landlord’s pocket. When you buy a home, you are building equity as you pay off the mortgage.

When you buy a house you have the potential to earn extra income by renting out your premises, or borrowing against it if the need arises. When it is time to make a decision, buying a house may be the winning choice. When you get a house there is simply too much upside with little downside. Remember to take these things into consideration in a lot of ways buying a home is a lot more than just amounts and tax deductibles. It really is your house, where you will view your kids grow, throw parties, grow old. You will experience all the things that this world has to offer whilst having the ease and comfort of understanding where you will lie your mind down at night. You'll be rewarded with a long time of pride and joy.

Should I rent or should I buy? Start here!

900 14 1/2 Ave Sw, Minot image
900 14 1/2 Ave Sw, Minot $259,900

Stunning all-brick ranch home meticulously cared for in the charming southwest neighborhood of Minot. Featuring 4 bedrooms and 2 baths, this residence offers a perfect bl...

  • 4 Beds
  • 2 Baths
  • 231681 MLS
525 31st Avenue Sw, Minot image
525 31st Avenue Sw, Minot $1,499,000

MUST SEE prime commercial space in Southwest Minot! This beautiful space boasts 9 potential office spaces, a large conference room, a kitchen, a spacious reception/common...

  • 231679 MLS
803 Normal St Nw, Minot image
803 Normal St Nw, Minot $139,900

Cute and cozy best describes this one bedroom, one bath home conveniently located by Minot State. The entire home was renovated after the 2011 flood. The main floor consi...

  • 1 Beds
  • 231678 MLS
425 21st St Sw, Minot image
425 21st St Sw, Minot $239,900

Welcome home to updated one level living! This wonderful ranch style home with easy access to baseball diamonds, walking trails, schools, shopping, and dog parks, feature...

  • 3 Beds
  • 2 Baths
  • 231677 MLS
10605 Hwy 83 N, Minot image
10605 Hwy 83 N, Minot $645,000

Nestled amidst 2.630 acres of pristine land, this impeccable custom-built home invites you into a world of luxury. With an expansive 3,317 sq. ft of interior space, every...

  • 5 Beds
  • 3 Baths
  • 231675 MLS
2312 14th St. Nw, Minot image
2312 14th St. Nw, Minot $279,900

Beautiful two-story townhome located conveniently in NW Minot, close to many amenities! This home features a bright and open main floor layout. The living room is huge wi...

  • 3 Beds
  • 3 Baths
  • 231674 MLS
612 Mount Curve Avenue, Minot image
612 Mount Curve Avenue, Minot $46,750

Fuel your Curiosity and take a look at this "Hidden Gem" off Mount Curve Avenue where two lots Unite to provide the RARE opportunity to build in the heart of Minot. Pull ...

  • 231666 MLS
1019 NW 9th St, Minot image
1019 NW 9th St, Minot $195,000

Totally renovated (floor-ceiling) along with 13 new windows. Upon entering you will be greeted with a great sunroom with windows all across and vinyl plank flooring. Fro...

  • 3 Beds
  • 1 Baths
  • 231665 MLS
2408 Burdick Expy E, Minot image
2408 Burdick Expy E, Minot $797,000

This move in ready office, shop, and 1/2 acre lot is located on Burdick Expressway East across from the State Fair Grounds in a professional building with a law firm and ...

  • 231663 MLS
2408 Burdick Expy E, Minot image
2408 Burdick Expy E, Minot $5,000

This move in ready office, shop, and 1/2 acre lot is located on Burdick Expressway East across from the State Fair Grounds in a professional building with a law firm and ...

  • 231662 MLS
605 SW 20th St Sw, Minot image
605 SW 20th St Sw, Minot $354,900

Gorgeous Home on a generous corner lot! Discover your dream home in the heart of the valley, just one block away from Perkett Elementary School. This inviting residence ...

  • 4 Beds
  • 3 Baths
  • 231659 MLS
1003 37th St Se, Minot image
1003 37th St Se, Minot $119,900

This charming 1940's built home is ready for new owners. When you enter the front door, you are welcomed to the living room area. There is an electric fireplace that will...

  • 2 Beds
  • 1 Baths
  • 231653 MLS
816 39th St. Se, Minot image
816 39th St. Se, Minot $189,900

Perfect starter home or investment property! Walking into this home you'll be greeted by a good sized kitchen with an abundance of cabinet space. The living room is large...

  • 5 Beds
  • 2 Baths
  • 231641 MLS
2811 SE 62nd St, Minot image
2811 SE 62nd St, Minot $242,500

Country living close to the city! 5 Acres to use as you choose. Travel up the long private driveway to the house. This unique property has a large manufactured home with ...

  • 3 Beds
  • 2 Baths
  • 231639 MLS
101 8th Ave Nw, Minot image
101 8th Ave Nw, Minot $260,000

Welcome to this modern Split-Foyer Townhome that combines style, functionality, and space. With 4 Bedrooms, 2 Bathrooms, and a 2-Stall Garage, this home has been meticulo...

  • 4 Beds
  • 2 Baths
  • 231635 MLS
7320 Hwy 2 E, Minot image
7320 Hwy 2 E, Minot $150,000

Perfectly sized commercial lot for a hobby shop or small contractor or two to run their operation out of and still have plenty of yard space. Convenient location on the e...

  • 231633 MLS
2712 Academy Rd Nw, Minot image
2712 Academy Rd Nw, Minot $420,000

Welcome to this adorable, spacious split-level home nestled in a NW Minot neighborhood. Boasting several fantastic features and modern upgrades, this residence is perfect...

  • 4 Beds
  • 2 Baths
  • 231630 MLS
909 20th St Nw, Minot image
909 20th St Nw, Minot $289,900

This beautiful home in northwest Minot has been well maintained, nicely updated, and freshly clean - it's perfect for you! Main floor has all new flooring throughout, ki...

  • 4 Beds
  • 2 Baths
  • 231629 MLS
1938 S South Broadway, Minot image
1938 S South Broadway, Minot $3,000

2250 sf of office space on South Broadway boasts an easily identifiable and highly visible location adjoining the 20th Ave Marketplace Foods. The space for lease consist...

  • 231627 MLS
400 NW 24th St, Minot image
400 NW 24th St, Minot $255,000

Looking for a very clean home to move right into? Look no further, here it is! You find this home has great curb appeal and location also. There are many updates that h...

  • 3 Beds
  • 2 Baths
  • 231626 MLS
Like or Share
Loading likes...

Address Search

 

Area Real Estate Listings

  • Minot Real Estate
  • Surrey Real Estate
  • Burlington Real Estate
  • Velva Real Estate
  • Garrison Real Estate
  • Rugby Real Estate
  • Stanley Real Estate

Recent Blog Posts

  • FATHER'S DAY
  • Parks and Recreation
  • Preparing your home for Spring
  • Contact List for All Food and Beverage
  • Advanced Search
  • Minot Market Report
  • What's Your Home Worth?
  • Join Our Team
  • Blog
  • Testimonials
  • About The Team

 

12 S Main St Minot, ND 58701                                 

Team - 701-838-3900 

Mobile - 701-720-2593 

Office - 701-838-6800 

 
 © All Rights Reserved. Equal Housing Opportunity *Each Keller Williams Office Is Independently Owned and Operated

 

Find Your Dream Home Here!

  • Minot Real Estate
  • Surrey Real Estate
  • Burlington Real Estate
  • Stanley Real Estate
  • Tioga Real Estate
  • Velva Real Estate
  • Garrison Real Estate
  • Rugby Real Estate
  • Devils Lake Real Estate
  • Fargo Real Estate
  • Williston Real Estate
  • Dickinson Real Estate
  • Watford City Real Estate
  • Jamestown Real Estate
  • Grand Forks Real Estate
IDX Real Estate Websites by
• Accessibility • Terms • Privacy