Salt Lake City Real Estate Tips, Market Updates and

Local Happenings

By Real Estate Expert KathyOHomes

Buying Versus Renting in Greater Salt Lake City/Park City, by Kathy Opolski, Greater Salt Lake City/Park City Real Estate Expert

Most people understand the concept that buying a home is a solid investment, but many people still renting may not be clear of the other benefits associated with owning your very own piece of Greater Salt Lake City/Park City property. Here are a few of the best benefits of becoming an owner in Greater Salt Lake City/Park City and leaving the renter's world behind.

Housing Costs

Rental costs in Greater Salt Lake City/Park City are increasing and will continue to increase for as long as you rent. Taking into consideration how much rent you paid ten years ago, and what you are paying now, will be a good indication of what you can expect to pay ten years from now. A mortgage gives a much more stable option. Buying a home in Greater Salt Lake City/Park City with a fixed rate mortgage ensures that your payments will remain the same for the entire length of the loan. Even a mortgage with an adjustable rate will keep your payments in a very stable position.

Income Tax Deductions

Anyone that purchases a home in Greater Salt Lake City/Park City saves money at tax time. Not only is the interest deductible, but so are the property taxes. Rent doesn't give you any tax breaks, and quite often costs more than a mortgage on a small Greater Salt Lake City/Park City house.

Future Savings

When you own a Greater Salt Lake City/Park City home you are technically saving money for the future. You are not only putting money into a future investment, but as you are paying it off, your Greater Salt Lake City/Park City home is raising in value. You are saving money and making money at the same time. It is truly a win-win situation.

If you have never looked into all the savings you can have by investing in your own home in Greater Salt Lake City/Park City then take a look at all of the savings and add them up. You may be pleasantly surprised to find that owning can be cheaper than what you are currently paying for rent in Greater Salt Lake City/Park City.

There is a lot of free information available to you about buying, selling or investing in Greater Salt Lake City/Park City real estate. For complete information about the Greater Salt Lake City/Park City real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Greater Salt Lake City/Park City real estate. So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

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