The 'Pros' of Renting and Buying

Deciding to purchase a property is a monumental step to take. To learn if you're ready to take it, read this post by Advanced Title Company in Fruita where you'll see the comparison of renting versus buying.

To become the owner of a property, you need to be completely ready. You need to be ready for the financial commitment you'll have to endure, for the responsibility you'll have to undertake, for the pressure you'll have to live through, and for a lot more. That's why, you should only take that step into ownership until you're certain that the timing is right. To know if you'd even want to become a homeowner, you can read the post below. In it, you'll find some comparisons between renting and buying. Read through them to figure out if you want to continue as a renter, or you want to take that step into homeownership.

If you decide you're ready to become a homeowner, protect your investment with title insurance in Fruita. Call Advanced Title Company at (970) 255-7677 if you require a professional title services company to have a safe closing process.

How to Decide Whether to Rent or Buy

Why You Should Continue to Rent

For many people, becoming a homeowner is one of their life goals. Nonetheless, being a renter comes with its fair share of perks, too. If you want to know if renting is the way to go for you, here are some of the benefits that come from it:

You're Not Tied Down

Being a homeowner means committing to one spot for many years. When you rent, you have the freedom to go wherever you go (from a different neighborhood to a different country).

No Home Buying Stress

The home buying process is an overwhelming one to get through. Thankfully, when you're renting you don't have to deal with agents, lawyers, house hunting, real estate fraud, and other parts of the process.

You Don't Need a Mortgage

Applying for a mortgage means being tied down to a financial schedule for over a decade. And unless you have enough money to pay the property on your own, it's likely you will need a mortgage to become a homeowner.

No Housing Market Drama

When you think about buying, you need to worry about the economy and the housing market, which can be kind of volatile. When you rent, you're not as exposed to those changes.

Less Responsibilities

Being the manager of a property can be very stressful, since you have to take care of the maintenance, paying property taxes, among other things. You won't have to worry about most of them if you rent.

You never know what issues in the title could put your claim on a property in peril. Call Advanced Title Company at (970) 255-7677 to  learn how they can assist you in having a safe closing process with title insurance in Fruita.

Why You Should Invest on a Property

There's no denying that being a renter can be an easier and less stressful way of living (on the surface, at least). However, being a homeowner can have great advantages that are worth it. To learn what these are, continue reading:

You Will Have Peace of Mind

Probably the biggest advantage of becoming a homeowner is that you will have peace of mind. Knowing that you have a roof over your head can help you feel safe, and sleep better at night.

You'll Have Fixed Monthly Fees

There's no denying that the downpayment is an overwhelming part of the home buying process. Still, once you've moved past that, you'll be left with fixed monthly fees. It'll be as if you paid rent, but the money will go into your own property.

No More Landlords

Dealing with a landlord can be a complete pain. For one, you're at their mercy (they can kick you out, increase your rent, and more). Moreover, they may not be the best at managing the place. When you buy, you no longer have to deal with landlords.

You Have a Patrimony

Becoming a homeowner not only means putting a roof over your head, but over the heads of your loved ones, too. Even if you something happens to you, you'll have something to pass on to them.

You Can Make It Your Own

When you're a renter, you need to be careful with putting too much of yourself into the property. However, when you buy, you can tear down walls, do crazy decor, and truly make the place fit your own needs and preferences.

Is it the time to become a homeowner? If it is, call Advanced Title Company at (970) 255-7677 for all of your title services needs, such as title searches and title insurance in Fruita that can protect your investment.