HōM 406
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Why choose Erin, an ABR?
erin • August 27, 2020
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Our market in Bozeman continues to grow and change, the financial gap between renter and owner is growing. The average home grew in value 10% per year between 2010 and 2020 in Bozeman's market. Did you know that average rent costs in America have increased 15% since 2010, while the average renters income grew only 11%? What could you do with an additional 4% of your annual income added back into your budget and the opportunity of annual appreciation?
Another interesting fact, in 2020, 1/2 of renters spending
more than 30%
of their income on
rent - a significant increase from 18% in 2003. Let me help you fix the expenses in your future and take advantage of historically low mortgage rates available today. As a homeowner, your mortgage costs can be fixed for up to 30 years, protecting your financial future. As I tell my clients, year one as an owner will cost roughly the same as the same home as a renter. It's years 2+ where you get to enjoy the benefits of expenses that are fixed.
Tips for Southwest Montana Seniors to Buy and Sell Real Estate with HoM 406
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Expanding your housing search beyond single-family homes in the City limits of Bozeman opens up a wealth of opportunities that can better match your financial situation and lifestyle needs. Whether you choose a single-family, townhouse, condo, or manufactured home, each property type provides unique benefits that make home ownership more accessible and less stressful.
