Buying vs. Renting
Happy April everyone! We hope everyone had a good Easter holiday and start to spring! The island is buzzing with the new season starting. And the weather is finally starting to make it feel like summer. Welcome to everyone that is here visiting! And for everyone who isn’t here, you should come see us!
With tons of renters coming for the summer, long-term renting has become an interesting topic. Should you rent long-term or should you buy? Everyone comes to this question at some point in life. It’s no different on Seabrook. We have tons of amazing rentals here on the island, but we also have beautiful homes too. Throughout the US, the rising cost in rent has started to change the way people are investing their money. Low mortgage rates are starting to be a game changer, because why would you renew a lease when you could break even on a house in less time? Take into consideration the assets you gain with a home purchase, the appreciation of equity is a huge factor. Also, buying and then renting out your second home is a great way to make residual income. The biggest benefit for renting long-term is that you wouldn’t have to stay anywhere for an extended period of time.
But on an island like Seabrook, why wouldn’t you want to come and stay?
Thanks for reading! Be sure to comment!