To Rent Or To Buy – That Is The Question

A comparison between owning a home and just renting a similar property is an eye opener. In many cases, the effective monthly payments (after tax) are equal to or less than the market rent.

Even when the effective monthly payments are higher than the rent, one should consider the other factors such as: long term appreciation, savings and deductibility of loan points.

The most overlooked factors are freedom, privacy, pride of ownership and the ability to borrow against your equity.

Eleven Reasons To Consider Buying A Home

Here are eleven reasons to consider buying a home in Hawaii:

1. Commitment to your family

2. freedom, enjoyment, privacy & pride

3. Hobbies & activities

4. appreciation potential

5. Borrow against your equity

6. Interest may be deductible

7. Property tax is deductible

8. Loan points are fully deductible in year of purchase

9. principal accumulation

10. hedge against inflation

11. Capital gain exclusion for owner occupants maximum $250,000 for one owner, and up to $500,000 for a couple that lived in the home 2 years out of the most recent five years.

Here Are The Key Reasons Why Where You Live Or Own Property In Hawaii Is Everything

* The properties in the right locations appreciate in value the most, in the shortest time

* The properties in the right locations are the most enjoyable to live in, which makes them the most in demand

* If you ever need to sell your Hawaii home, owning a property in the right location makes selling it fast, easy and profitable

* You avoid traffic congestion, property crime and other such problems when you have a home in the right location

To read more Hawaii real estate articles… http://islandhawaiihomes.com

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