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How do you determine whether it is better to rent or to buy an apartment?
Wiki User
∙ 16y ago
In simple terms, you have to compare Present Value (as in finance) of mortgage expense (interest), increased with maintenance expense and property taxes, reduced with tax deduction savings, with the rent you would have to pay during the potential ownership period. The simplified break even equation can be expressed as: (PV) mortgage interest + (PV) maintenance expense + (PV) property taxes - (PV) tax savings = (PV) rental expenses. In a well prepared analysis, many additional factors need to be plugged into that simplified model: * Forecast annual appreciation rate of the apartment/home * Time you want to keep the apartment if not held till the mortgage payoff day. * Inflation rate * Before tax return on your alternative investments. Some websites have good financial calculators available. Yahoo, for that matter, has 'buy or rent' calculator you can check at: http://finance.yahoo.com/calculator/real-estate/hom-06
Wiki User
∙ 16y ago
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I am looking for a place to rent, is it better to rent apartment homes or single family homes, as far as maintenance goes?
It is better to rent apartment homes because apartment homes generally tend to have a maintenance worker on staff, whereas a single family home will have to contact the home owner who will then locate a maintenance solution.
Who owns a apartment?
The owner of the real estate owns the apartment. You can check to determine the owner by doing some research in the local land records or the tax assessor's office.
What are the requirements to rent a Waterford Apartment?
There are no special requirements to rent a Waterford Apartment. As long as one can afford the cost of the rent, they should be able to rent a Waterford Apartment.
What is the legal age to rent an apartment in Guelph Ontario?
what age do you have to be to rent an apartment in Ontario
WHAT IS Gain to lease in apartment?
It means if an apartment rent is $500 and they rent you the apartment for $550, the apartments have a $50 gain to lease. If they rent it for $450, they have a $50 loss to lease.
If you are emancipated can you rent an apartment in Texas?
If a person is emancipated from their parents they should be able to rent an apartment. They will have to meet all the requirements to rent the apartments and be able to pay for the apartment.
Where can rent apartment in Baltics?
You can rent apartment in Baltics through online service: http://bookapartment.eu
Can a college freshman buy an apartment?
Whether or not you can live off-campus depends on your college. Some Freshman must live in the dorms. If you are allowed to live off-campus, find an apartment that is in a decent area, is affordable (check and see if utilities and such are paid for to determine this, not just rent) and consider living their with a buddy or two.
How do you find out if a landlord is legally allowed to rent?
Most jurisdictions don't have any restrictions on whether a landlord can rent, while in many other jurisdictions a landlord may have to have a permit or license to rent out. Check with your city or county to see what is applicable. Most jurisdictions have strict rules regarding legal rentals. You can check with code enforcement in your town to determine if the apartment is legal.
Can an apartment be 1500?
yes, if apartment for rent 1500per/mon
How do you find an apartment?
Go online for a local apartment for rent.
Is there a charge for a post office key when you rent an apartment?
There is a charge for a post office key when you rent an apartment and it can be $15.
