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Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

rent apartment vs buy home?

if you buy a home, if you ever sell it you get some of the money back, right?

but if you rent an apartment, all the money you put into it per month you lost and cant get back because youre not selling it if you move.

4 Answers

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  • Cagey
    Lv 4
    1 decade ago
    Favorite Answer

    Correct. A home is an investment. Remember that you will have upkeep when you own a home. You will need to paint and do repairs, do yard work or hire someone to do it for you. You will also need insurance and have to pay taxes. If you don't want to be that responsible, you can either rent it out or let it sit - which leads you back to an apartment or renting a house. lol

  • 5 years ago

    2

    Source(s): Rent To Own Homes - http://renttoownhome.iukiy.com/?yJrZ
  • 5 years ago

    i might say do the cellular living house and bypass image voltaic. I lived in a cellular living house for some years, and it replaced right into a sturdy direction. saved lots money. We lived in a cellular living house park, inspite of the indisputable fact that. in case you purchase the land and do all the hookups, there is extra fee there. So whether the cellular living house would not extremely postpone and you'll be able to desire to swap it or build a house on the land, the land is there and has fee (whether the living house would not). purely make helpful, in case you get image voltaic panels, that they are not too heavy for the roof of the synthetic living house. talk with image voltaic capacity installers till now you purchase the living house.

  • 1 decade ago

    yes but if you are upside down on the house meaning owing more than its worth you wont get anything back when you sell it. you need equity in the house in order to benefit from a sale.

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