Is it better to rent an apartment or buy a home if you are going to relocate after one year? related questions

Answers
Asked by
Updated
Is it better to rent an apartment or buy a home if you are going to relocate after one year?1Akhona2012-09-28 19:29:02
home cost is $ 280.00, monthly utility costs , $ 220. , Maint - $ 100. , Property taxes , $ 380. , Home insurance - $ 50. 30 years costs -8% mortgage interest rate , 20% down payment and closing equals $ 1,000. plus 3 points. Rent would be $ 1400./month plus $ 220. utilities and renters insurance $ 25 per month. house prices expected to rise 3% , supplies , taxes, increase by 3% annually.
Is there any way to get umbrella insurance if I don't own a home or rent an apartment?0sam mcneal2012-10-02 18:22:21
I want to get insurance umbrella but I live with my girlfriend , so I do not own a home or rent an apartment .
Will it be financially advantageous to rent out my home and move to an apartment? What do I need to do?0djimon2012-10-25 22:15:03
I bought a home with an ex. I like it a lot and it is the perfect home for a family; 3 bedroom, 2000 sq ft with a fenced in yard. Unfortunately at this stage it is too big for just me. I'd like to hold onto the house as I could see myself living here again in 2-3 years. I have an awesome mortgage rate (5%). If I sell and then buy a new place in two years, I'd have to eat the costs of selling, buying and closing. Therefore, I'm interested in renting out the house and moving to a small 1 bedroom apartment. Would this make sense? Would i have to change my loan since it is not my primary residence? What about my home insurance, would that cost more because I am renting the house out? What else do I need to do?
Suppose it turns out that they have to relocate after one year. Which is the preferred alternative after one y0chequan2012-08-15 05:32:02
Kim and Dan Bergholt are government workers. It is considering buying a home in the Washington DC area, for about $ 280,000. They estimate that the monthly cost of utilities at $ 220, $ 100 maintenance, property taxes at $ 380, and home insurance payments at $ 50. Their only debt consists of car loans requiring a monthly payment of $ 350. Kim's gross income is $ 55,000 / year and Dan is $ 38,000 / year. They have saved about $ 60,000 in a money market fund in which they earned $ 5,840 last year. To use most of this for a 20% down payment and closing costs. A lender offers loans to 30 years with a variable-rate initial interest rate of 8% gives a 20% down payment and closing costs equal to $ 1000 plus 3 points. Before making a purchase offer and the request for this loan, they would like to have some idea of ​​whether you might qualify. Estimate the affordable mortgage and the purchase price affordable to Bergholts. Suppose you do qualify, what other factors to consider before buying and taking out a home mortgage? What future changes might present problems for Bergholts? The real estate agent tells Bergholts if they do not care to purchase, you might consider rental. The rental option would cost $ 1,400 / month plus utilities estimated at $ 220 and renter's insurance $ 25 per month. The Bergholts think any of them is likely to be transferred to another place within the next five years. After that, Dan perceives that could leave the public service in the private sector. Assuming that remain in place over the next five years, Bergholts like to know whether to buy or rent the house. They expect the housing prices and rents will increase at an annual rate of 3% over the next five years. The expected annual rate of 5% on the money market fund. All prices, including utilities, maintenance, and taxes are expected to increase at an annual rate of 3%. After federal taxes, state and local, can keep only 55% of a marginal dollar of income. Estimate whether it is economically more attractive to Bergholts to rent or to buy the house for a retention period of five years. (Assuming the contract interest rate of 8%, monthly payments of interest during the period of five years would amount to $ 87,574). Suppose it is necessary to relocate a year later. What is the preferred alternative after a year? (Interest payments during the first year would equal $ 17,852.)
Any tips for cold calling apartment dwellers asking if they're buying a home in the next year?0Abel2012-09-14 00:20:03
I call apartments cold at night in search of anyone who is thinking of buying a house in the next year . Usually you do not mind the call , I'm not trying to sell a vacuum cleaner or a life insurance policy , I'm just wondering if they've thought about buying in the next year . MedlinePlus MedlinePlus I'm looking for some advice from someone who could do this or maybe live in an apartment to anyone right now , if you received this call , how you like to be approached ?
Is this fair and what is average rent money for living at home for 18 year old in uk?0collien2012-09-02 13:53:03
right I'm a bit anoyed with my father and step mother at the moment, basically , I just turned 18 and they are asking
Can I rent my home? I bought it thru conventional loan 30 year fixed not FHA but need to move out of State?0Aimme J. Keller2012-09-11 06:30:03
I've been living in it for 2 1/2 years now I have to tell the mortgage company that I plan to rent and I have to move out of state ? Is it true that if I have to buy a rental homeowners insurance to replace homeowners insurance is a big difference in price? MedlinePlus any advice would be helpful.
apartment for rent in berlin0officewebmaster3532022-05-12 02:52:00
apartment for rent in  berlin Urban Ground helps tenants all around the world to settle down in Berlin in a faster and simpler way. Urban Ground was started in 2017 when our founders Praneel and Alessandro came to Germany from India and Italy and realized how harsh and inconvenient renting a place in Germany can be. To make the renting process more convenient for others like them, they started Urban Ground. With Urban Ground, the endless viewing queues, language barrier, and the gathering of hard-to-get documents are a thing of the past. Our company is built on customer-centric values therefore we provide support throughout the home renting process and even after that. What sets us apart is that our whole process is digitized. Our 360-degree virtual tours of the apartment allow the tenant to browse multiple apartments online to find one that they love. Digitally sign the bilingual rent agreement. The German credit history and other such documents are a major headache for ex-pats to arrange when renting a new apartment. We accept other equivalent non-german documents to tackle this problem. Our ultimate goal is to make the apartment renting process more delightful and exciting for the tenants. https://urbanground.de/property-listing 
Discount on rent for my apartment?0Draco2012-10-08 15:44:45
my neighbors have caused many problems in the community in just three months since moving , problems with drug traffickers who bring , dirty apartment , littering , property damage , signal yelling at each other through ear the walls , and in my opinion should have already been evicted . well , Thursday took the kitchen on fire and pulled the whole apartment was completely destroyed . fortunately , did not spread to others . but my neighbor across and I were displaced from our apartments due to water damage and smoke in the last three days . i may be able to return on Monday , but my neighbor will have to wait longer. Is there any way maybe we can get a discount on the rent of not being able to live there during that time ? I do not expect anything significant but any amount of help , especially considering that he had no insurance to cover my smoke and water damaged goods .
How much income do I need to make to rent an apartment?0shafika2012-10-11 08:02:57
If a room (1 bed, 1 bath . 670sq ft) goes for about $ 553-749 per month with a deposit of $ 150, plus the cost of food , gasoline , car insurance , phone , internet connection cable / electricity , clothing , household essentials (toilet paper , napkins , tampons , etc. ) , taxes , and some extra money to spend on extra fun and activities , how much income would you need to bring the luxury of living on my own? Approximately ... MedlinePlus MedlinePlus Approximately , how much does each cost ? (gas : $ 200 a month , phone: $ 60 a month ) What other expenses should I forget and how much will that cost MedlinePlus ? MedlinePlus This is all new to me , so I do not know what to expect . I'm not sure if there are many surprise charges or additional bills are also essential to rent an apartment . If you do not mind sharing so much information to help give me a better idea of ​​what other things I have to think and hope . Just think general / approximate cost . MedlinePlus MedlinePlus Thanks for your help :) It helps more than you think .
Should I rent from seller or stay in apartment?0Godswill2012-08-22 11:40:03
I'm in custody and the house is tied up in probate court (owner deceased) . It will be at least another month until we get to close . My lease on my house in town is 8/31 . It would cost just as much per month to extend my lease, as it is to pay the full mortgage the house . He said he would like me to pay all the mortgage , but is worried about not having homeowner insurance and the property has been vacant for a year . MedlinePlus MedlinePlus I do not want to pay the whole mortgage from their fault I'm not in the house yet. They should have straightened this before putting the house on the market . I was thinking I could offer to pay 60% of the mortgage on the house , do some repairs , and get renter's insurance for a couple of months (which really should have in the first place) . MedlinePlus MedlinePlus What do you think ?
Do you have to have house insurance to rent an apartment?0Boy2012-06-15 17:17:15
i was woundering because I am before you rent a place and was woundering if this is going to be a problem if I do not. I know it would be better for me to have but do not need it ?

Ask New Question  

  • You are not logged in,answer will be Anonymous.Set Nickname | Sign In | Sign Up
  • tags separate by ','
  • Shortcuts:Ctrl+Enter

Latest Questions