Military Relocation Specialist
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Relocation: Buying or Renting?
When military relocation takes you to a new
city where you have decided to live off base, you must decide whether to rent or buy a home. There are benefits and drawbacks associated with both options.
Renting offers flexibility, but there may be drawbacks:
- If you rent, it is easier to pick up and move.
- There are no home maintenance expenses or responsibilities required. Just call the landlord.
- Like living with on-base rules and restrictions, there are rental contract rules and restrictions.
- Although leases are for a fixed period, rent increases are almost guaranteed at the end of the fixed period.
- Keep in mind that when you rent there are no tax advantages and no chance to build equity.
What about buying?
- You may be able to buy a bigger home than you can rent for the same monthly payment.
- You can decorate and remodel whenever and however you like with no one looking over your shoulder.
- There may be rules imposed by local ordinances and neighborhood covenants, but these are generally less restrictive than base housing rules or rental requirements.
- If VA financing is available and you qualify, you may be eligible for a low down payment and other benefits.
Don't forget the biggest financial advantages to buying a home include tax deductions (mortgage interest and property taxes) and the opportunity to build equity.
San Diego Military Relocation Articles
- Living On or Off base? Some Things to Think About
- Questions to Ask When You're Involved in a Military Relocation
- Basic Allowance for Housing for Military Families
- Renting or Buying in a Military Relocation?
- Getting a Jump Start on Home Ownership for Military Personnel
- Thinking Long Term – Planning for Retirement Near a Military Base
Military Relocation Benefits
- Receive immediate contact from one of our military relocation specialists.
- Full service military relocation department providing highly personalized service.
- Provide personal & professional advice and counsel in buying or selling real estate.
- Information & services tailored to your needs
- Provide loan assistance.
- Serviced by only experienced knowledgeable military relocation agents.
San Diego Military Relocation Specialist
A member of our San Diego Relocation Team will be happy to assist you with your military relocation today. As your Southern California military relocation specialist, you can be assured that we will always look out for your best interests. For more information on military relocating or buying a home, please call or email today, and we'll be happy to assist you throughout your real estate transaction.