#franksonshea #whypayrent #scottsdalecondos #scottsdale #scottsdaleliving
Renters: Why are you paying rent? The affordability of living and owning in North Scottsdale has become more affordable. If you are a renter who only needs a small place, looking to build equity, Franks on Shea is the place to be. Why live across the street, pay rent, plus tax and other hidden monthly expenses and never get that money back?
Here’s an Example based on my finding:
Franks on Shea:
A 1 Bedroom home, 1 bath, roughly 750 Square feet could be available to buy for $119,900. Conventional Loan 4.75%, 5% Down Payment, including real estate taxes, HOA Dues and insurance. You would pay roughly $865 a month. In addition, you have tax incentives and you build equity. Pay $865 a month
Rental Across the Street:
A 1 Bedroom home, 1 bath, roughly 750 Square feet available for rent at a minimum of $940 a month. Sales tax added, and possible added monthly unwanted costs (valet trash) that you can not opt out of. You pay your own insurance. You have no tax incentives and no equity to build. Pay $940 a month, Plus Hidden Fees
In 5 Years in owning, you have built $8,500 in equity!
In 5 Years in renting, you have built no equity for your future.
Do you get the drift? Never let landlords hold you hostage with the rent you’re never able to negotiate with, those hidden fees, and them controlling you with your invested and hard earned money. Build equity for your future and own a piece of the American dream. Call me and we’ll get you pre-approved with a qualified lender, and we’ll begin your one bedroom condo home search today!
(Figures based as of July 13, 2016)