Owning vs. Renting?

Don’t throw your money away

Tax benefit

Property investment

Fixed housing expenses

Freedom to enjoy your home

Property investment

Generally, the real estate in Orange County market allows  about  5% appreciation rate per year. Sometimes, depending on market conditions, this could more or less. Last year we've seen it up to as high a 20% here in Orange County. and currently even with the the market taking a down turn we are at about 5%. in some areas. Neighborhoods, region, and city have a direct impact on the overall rate as well.

At first glance this may not seem like very much. But let’s use an example of how this works:

Lets say you buy a home for $400,000 and you put 20% down, financing the balance of the purchase. So you have invested $80,000 cash from your pocket. Using a 5% appreciation rate, in the first year you lived in your home, you will have made $20,000. Now, you might be thinking of your monthly expenses for the mortgage. But remember, interest and property taxes are tax deductible. Buying property in Orange County is a win-win situation. 

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Written By Shan & Raschel Roberts