PRESENTED BY PALAPPLE

ADVERTISE WITH US

Posted by iPhoto.org - Feb 26, 2009

Advertise here in this prominent space for only $100 per month, your advertisement will appear in all of the post pages available across this website.
Check out the link about for more advertisement options provided, get your message across!

Advertise with Us

SNAPSHOCK IS COMING TO TOWN

Posted by iPhoto.org On Feb 26, 2009

You better watch out,
You better bookmark,
You better ready your pics, cos I'm tell you why...

Snapshock is coming to town!!

Snapshock

THE BEST PLACE FOR DRY SEAFOOD

Posted by StarryGift On Mar 20, 2009

全香港其中一間最具規模的海味網上專門店。專營零售燕窩、鮑魚、海參、魚翅、花膠、元貝、冬蟲草,極具食療價值。此外亦提供各項中藥海味烹調方法,以導出各食品的固本培元及補生之效。

客戶服務熱線:3158 1276
傳真熱線:3158 1416
電郵查詢:info@starrygift.com

海味軒 | 香港燕窩海味網上專門店


Monday, February 28, 2011

Is Renting Your Home a Wise Investment?

62% of Americans still see the economy as a path leading to nowhere, a figure unchanged from last year at this time, according to results from the Fannie Mae Q4 2010 National Housing Survey. But there is a glimmer of hope in the housing market mess: renters.


In what might be the new lucky break for homeowners looking to shake the house they can't sell for a hit in this market, attitudes towards renting are changing. Once viewed as a temporary state of housing until enough money could be stockpiled for home ownership, more and more renters report having no intention to become homeowners one day.


While the majority of Americans still believe that owning a home makes more financial sense than renting, 28 percent believe that renting makes more sense, up eight points from January 2010, according to the survey. Current renters also reported being more likely to say they will always rent, representing is a five point upward shift compared to January 2010. Never mind the fact they expect that rental prices will increase by an average of 2.8 percent over the next year, and are ready to absorb the price hike.


For homeowners looking to enter the rental property market, this new batch of consumers could be the next wave of investment potential. Renters who are willing and able to find a rental home for the duration means steady income and lowered turnover and marketing costs for a homeowner turned landlord. How do you determine if you should rent or sell your home?


This is one decision with many factors to consider, like your current income stream, mortgage terms, monthly payments and location. But, when all those magical factors align, it can be a good way to ride out the housing market, and put a little extra money into your income stream. Here are four costs to consider when weighing the costs associated with transforming your home into a rental property.


1. Property management: (Generally 10% of the rental price)


2. Tax Deductions:  Mortgage interest, property taxes and expenses related to the operation and rental of your home can all be deducted.


3. Depreciation: Calculated by the purchase price of house (but not the land) divided by 27.5 each year, and the cost of repairs. If expenses exceed the rental income, you can deduct up to $25,000 of the loss against other kinds of income.


4. Lowered Insurance: By not occupying your home, you can downgrade the homeowners insurance to rental-property insurance. Generally, this is 20% less than the cost of a homeowners’ policy.


There are also the intangible costs: the general stress and hassle that comes with dealing with tenants, and more importantly, how bad it can get when they are bad! This handy calculator on Forbes.com can help in the initial consideration process.

Join the conversation about this story »








Full story at http://feedproxy.google.com/~r/businessinsider/~3/ML8LeW_iyY0/is-renting-your-home-a-wise-investment-2011-2

No comments:

Post a Comment



Advertise with Us