If you’re considering buying a home, the time is now given outside factors. But is it a good time for you? Do you have the savings for a down payment? Do you have an emergency fund that can cover any unexpected repairs? Do you anticipate living in the same area for at least the next five years? If you’re considering buying a house to act as rental income, doing so when rates are low is one of the most important factors to the success of your investment. We don’t know where interest rates will go in the future. They could fall even lower or rebound to per-recession figures, but right now is a good time to bet on the housing market.Rent prices are expected to continue to climb in the new year, which means in most cities, buying will be cheaper than renting.Even though mortgages could get more expensive, buying might still be the better deal.Interest rates would need to rise to around 6.5% for the cost of buying to equal that of renting on a national level. Buying is a much less stressful process than building, since so much can go wrong during the construction of a new home. At Greenspan we got you covered. Our joy is to make sure that all you house needs are catered for. Following our range of Apartments and maisonettes we make sure that you get maximum benefits on the investments that you make.Talk to us for all of your real estate needs.
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