By Carla Olivo, USMC Spouse
Decide Whether to Rent or Buy a Home
Each time you make a military move, the decision has to be made whether to live on-post/base or off. If you decide to live out in town, will you rent or buy? To help you with these choices, we put together a list of our top articles featuring some great information and things to consider when you are wrestling with this major decision.
#1 Rent VS Buy – Military Families Need to Weigh Their Options
There is no right or wrong answer when it comes to deciding whether to purchase or rent a home. You are tired of renting but you are nervous that buying and moving again in two years might not be the smartest move financially. This article features the pros and cons of buying and renting. All these factors need to be weighed for you to figure out what is best for your financial situation and family.
#2 Rent VS Buy – What Can You Afford?
There are so many factors that go into figuring out how much it costs to buy a home. This article lists out many of the upfront costs and the ongoing costs of both renting and purchasing a home. There are items on this list, such as the home inspection or appraisal, costs that you might not think of as you are making your decision. And we don’t think of renting as being too complicated, right? I’m mean it’s just the monthly rent, right?
#3 The Tax Advantages of Owning a House
You’ve heard that owning a home allows for certain tax advantages. That is true. This article breaks down what those tax advantages are to include:
- Capital Gains Tax
- Property Taxes
- Private Mortgage Insurance (PMI)
- Maintenance costs on a rental that you own
#4 Home Ownership and Taxes – A Q & A For Military Families facing a military move
This article features a one-on-one interview with one of our “A-Graded” Realtors®. Find out the answers to questions such as:
- Does buying a house help with taxes?
- If I rent out my house when I make my next military move, does that help me?
- Do I need to hire a tax professional if I own a house?
We are always updating our content library with the latest resources to make your house hunting, neighborhood search, and PCS in general. go as smooth as possible. Make sure you follow us on Facebook, Twitter, Pinterest, and Instagram for all the latest updates.
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Carla Olivo has garnered numerous TV industry awards including the Associated Press award for Spot News Reporting and Documentary Reporting. She lives in Northern Virginia with her husband, a retired USMC Lt. Colonel and their two children.