Can Owning A Home In Clayton Be Cheaper Than Renting?
Are you renting a home in Clayton, North Carolina and would rather be putting your hard earned money towards a home you own? This great three bedroom two bath ranch home in the Buffalo Creek Subdivision has a Zebulon address but is actually closer to Archer Lodge and Clayton. With renting a single family home in Clayton getting more and more expensive, it makes sense to look into whether buying is a better option for you.
Mortgage Payment Less Or Equal To Rental Payment…No Brainer
I just looked at what homes are available for rent in the Clayton, NC area of this home and the cheapest rent for a single family home I could find was $850 a month. That is $850 a month that would cover the mortgage on this home with a 30 year fixed rate mortgage and all the benefits that come with owning a home. Think about the benefits of owning a home versus renting. Having a mortgage and paying it on time is one of the best ways to maintain a good credit score. Mortgage Interest deductions in your taxes at the end of the year. One day you will own the house free and clear, no mortgage payment, you’ll never own a home or apartment you rent. You have a reason to go to Lowe’s Home Improvements and Home Depot every weekend.
Own 195 Morgan Parkway For Less Than Renting It
This home at 195 Morgan Parkway in Buffalo Creek is move in ready, has new carpet, fresh paint and a refrigerator. Covered porch out front and concrete patio out back. The .70 acre lot is flat with nice shade trees and a garden shed. All the bedrooms are on the main level, the kitchen is bright and has a breakfast area with sliding glass doors that look out on the back yard as well as an eat at counter bar. There are two new apartment complexes that have opened just recently in Clayton and rents start at $800 for a one bedroom apartment, instead of that maybe you could enjoy almost 3/4 acre of your land if you owned this house.
Great Schools, Close To Shopping,Work, Etc.
Why is this house a great home to buy if you are renting apart from the obvious? The schools are some of the best in Johnston County, River Dell Elementary, Archer Lodge Middle and Corinth Holder High School are currently the schools assigned to this neighborhood and all are 5 minutes away. Owning a home in a good school district is not only great for the homeowner who has school age children but homes hold their value and are more desirable than similar homes in school districts that are struggling. Accessibility to shopping and supermarkets is very important when owning a home and this home is 5 minutes from a Harris Teeter and 10 minutes from two Food Lions. It is also convenient to Clayton, Smithfield and Raleigh, yet is in a quiet rural setting.
Will You Qualify For A Mortgage?
What would it take to get a mortgage on this home in Buffalo Creek? Some folks will not qualify for a mortgage, many people who struggled through the recession have either a short sale, foreclosure or bankruptcy on their credit reports. Credit card debt, poor payment history can all bring credit scores down to below what is required, however a mortgage broker can determine how soon someone will be eligible and can advise on a course of action. A mortgage broker can determine what your payment will be, how much if any money will be required to put down. There are mortgage programs in Johnston County that are perfect for this type of home. Low or no money down, and lower credit scores acceptable.
If you want to buy a home in Clayton and pay less than renting it, call me David at (919) 601-2268 or email email@example.com