Whether renting a home in Virginia Beach is better than buying depends on many important items which include:
Other important factors to consider that may sway you to buy in Virginia Beach:
- Interest rates at historic lows ? calculate how much a 1% increase in rates might affect you in the future considering the increased payment over 30 years.
- If the buying of the home is such a good deal then it may be prudent to purchase vice rent. That means very low to no down payment and closing cost assistance.
- Do you not like being told what you can and cannot do to your home and yard (painting, landscaping, interior decorating, etc.) then buying may be better than renting.
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Source: http://dennisblackmore.com/2013/03/02/is-it-better-to-buy-a-home-in-virginia-beach-or-rent/
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