Devine On Demand Powered by eXp Realty

Are you debating between renting or buying a home in mid-Missouri ? Our team of real estate agents in Eldon, MO know how important of a decision deciding to buy can be. While this is an exciting step in your life, it's something to think through. Below, Devine & Associates have provided some reasons why you should buy instead of rent. 1. Mortgage is Being Paid Whether you own or rent, you are paying a mortgage payment. When a landlord charges rent, you are paying their mortgage payment - sometimes more with your monthly rent. You may as well be making your own mortgage payment and building equity in your home. 2. Invest in Your Property When you make your monthly mortgage payments, a portion of each payment goes toward the equity of your home. This is a great way to make an investment and is a way of forced savings - in a sense. You are required to make your payments and along with that, you're earning equity on your property. Home values are trending upward wh...

There is a constant debate on whether renting or buying a home is the smarter choice. The truth of the matter is that it depends on your unique situation. Are you ready to be a homeowner? Keep reading to learn about things to consider when debating between continuing to rent or buying a home at the Lake of the Ozarks . Buying a Home When thinking about purchasing a home at the Lake of the Ozarks , you’ll first want to consider your financial situation. Buying a home is one of the largest financial decisions you will ever make. While the monthly payment of your mortgage could easily be less than what you’re paying for rent, you need to include the added expenses of homeownership into your figures. When you own your own home, you are now in charge of home maintenance and repairs, and property insurance. Home maintenance costs are often underestimated by prospective home buyers. The advantage here, is that you are in control of who does the repairs and you don’t have to wait on ac...