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Abberly Crest Apartment Homes
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The reality is that home ownership isn’t for everyone. Even if it’s right for you eventually, it might not be right for you right now. There are a few factors that should serve as a warning against taking the leap into homeownership.

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Landlady ruling your life? No pets allowed? Maybe it’s finally time to take the plunge and call the shots in your own space. But, there are important questions to ask before taking the leap into homeownership.

How long do you stay in one place? If you don't plan on living in the same home for at least five years, then owning is probably not the best choice. You’ll probably lose money in the long run.

And then, of course, there’s always money. How much do you make? Do you have job security? Have you built up savings for a down payment?

Maybe you’re thinking, "Hey! I can totally pay a mortgage. I pay less than that in rent!" But owning a home comes with a lot more than just a monthly payment and some utilities.

Property taxes alone are sure to hit the wallet hard. You calculate this annual cost by multiplying the assessed value of your home by the tax rate in your area. And don’t forget homeowners insurance and maintenance.

And this is AFTER you’ve paid your down payment and closing costs.

Renting may feel like throwing money away on something that’s not yours, but you’re not tied down. Once that lease is up, the sky's the limit. The world is your oyster... you know... something like that. So if the time and money are right, it may be just the moment for you to finally buy the house of your dreams - and have all the cats you want.

OR:

Are you looking to get out of the renting life and jump into homeownership? Sounds like a great idea - and would certainly impress your friends and family. But there are a slew of things any first-time homebuyer should know upfront. There are essential things to consider when you're looking to buying a home, from property taxes to closing costs.

For more information on apartments in Lexington Park, MD, contact Abberly Crest.

#HowYouLive

Money

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Some states shine in health care. Some soar in education. Some excel in both – or in much more. The Best States ranking of U.S. states draws on thousands of data points to measure how well states are performing for their citizens. In addition to health care and education, the metrics take into account a state’s economy, the opportunity it offers people, its roads, bridges, internet and other infrastructure, its public safety and the integrity and health of state government.

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There’s a lot of hype about why you need to own a house. But buying a house isn’t the key to financial security for everyone – and those alleged tax advantages? They are not quite what they’re painted to be. Here’s a list of eleven reasons – many of them tax-related – why some don’t want to ever own a house again:

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As Millennials age (yes, they do!) and start families, many are compelled to own a home instead of rent, but this should not be an automatic response. There are a seemingly overwhelming number of variables at play in making an informed decision on renting versus buying.

Common factors that influence whether you should rent or buy include the length of time before your next move, the difference in cost per square foot between renting and owning comparable properties in your area, mortgage rates, access to credit, and the affordability of a down payment for a home purchase.

Of course, anticipated repairs and maintenance costs are a serious consideration. But there also are smaller factors that can wind up playing a large role in the decision to own a home. What are the neighbors like? Are there homeowners association fees? What has the crime rate been in the neighborhood?

First-time homebuyers often make the dangerous assumption that they will make money on their home when they eventually sell it. The reality is that after all of the costs of home ownership have been factored in, many homeowners do not make out like a bandit. Increasing property taxes are a big reason why.

Before committing, always know the annual taxes for your nest, and do not assume that they will remain static.

When it comes to renting, other questions come up, including how often and by how much the rent will increase and whether there is a pet policy. How many parking spots are included in the lease? Proponents of home ownership say renting is like throwing money away, whereas renters will say they have more flexibility and financial independence. Renting often can give individuals an opportunity to live in an area where either they would not be able to afford a home purchase or they wouldn’t want to take on the maintenance required of older neighborhoods.

A soaring housing market the past few years has functioned as a double-edged sword – a good investment for those whose homes have appreciated in value and a barrier for those who cannot buy homes with skyrocketing values. One of the main reasons housing prices have climbed so rapidly is the limited supply of homes available for purchase. Since the recovery from the 2008 housing crisis, there has been a historically tight supply of homes available for purchase, including existing homes or new construction. This has left the homes available for sale priced at a premium. It’s a seller’s market.

Yes, home ownership is exciting and fulfilling, but it should be considered very seriously. It should never be entered into lightly. It can become a nightmare that wrecks your credit or hurts your relationship with your partner.

For more information on apartments in Lexington Park, MD contact Abberly Crest.

#HowYouLive

therivardreport.com

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Tips on What to Do Before and During a Tornado
Tornadoes happen without much notice. Today, we are at risk of experiencing one and having a safety plan in place will protect you and your belongings. Once you hear that there is a possible tornado near your apartment in Lexington Park, MD, or that there is potential for a tornado, get to shelter immediately.

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Sometimes buying a home is just not the most practical thing to do. There are some situations when it's simply not the best idea for where you are in your life; and some cases where you'll be better served financially by renting an apartment in Lexington Park, MD. So how do you know if you're ready? Here are a few things to think about before committing to the time-consuming house hunting process.

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Personal finance is called personal because we each have unique circumstances, priorities and aspirations. The decision of whether to buy or rent a home is a very personal one, so before you purchase a home, first consider some advantages of renting. Here are five:

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Don’t let a lack of time or space get in the way of a giving yourself a healthy garden. Plant a container of nutritious vegetables and herbs in your apartment in Lexington Park, MD. 

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Spring is here and regardless of if you celebrate Easter or Passover, Hot Crossed Buns are a great and delicious way to celebrate the start of spring and warmer weather in your apartment in Lexington Park, MD.
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