Home ownership has long been considered a major component of the “American Dream,” however it’s not an option that is equally open to everyone. Many don’t have a plan to own their own home at all. That’s okay. Some have aspired to home ownership simply because it was the “thing to do,” not because it was the right choice for them, and as a result have been blindsided by the actual costs associated with owning a home and have been devastated when those homes were ultimately lost.
Owning a house or condo requires a certain level of commitment. You’re responsible not only for your mortgage payment, but also maintenance costs, necessary improvements, bills from the city, property taxes, and various utilities. All these bills keep coming as long as you own the home. And selling isn’t always easy. By finding Charlotte, NC real estate rentals many people are able to enjoy living in an area they like, in a comfortable home, but also enjoy only being tied to their home until their lease runs out.
At TR Lawing Realty Inc., our residential specialists can help you find a Charlotte area home where you and your family can feel comfortable. Whether you are looking for a simple condo, a modest duplex, or a lavish house, chances are one of our listings is going to fit your needs.
Another reason why home ownership is pushed is because of the investment component, but there are other ways to invest. Many are able to take the difference they save by moving into Charlotte, NC real estate rentals instead of buying and put that money into investments that will likely be more lucrative than owning a home.
However, if buying is your ultimate goal, renting can help you get there. Qualifying for a rental home is easier than qualifying for a mortgage, and you can live somewhere nice while you save extra toward a down payment for that future home and work on repairing your credit. You can also enjoy the experience of living in a house and get in tune with what the responsibilities of home ownership would be before taking on those responsibilities yourself.