US Military Houses Rentals
US
Military Houses Rentals
When
you buy a Military House, you must keep a few things on your mind.
And the Military Homes are neither very expensive nor very cheap.
When you buying a Military House which is both easily affordable and
comfortable is the best suggestion for you. Depending
on the surroundings and location of home, you can choose the perfect
home. The price of the homes varies from place to place. A house in
the coastal area would be more expensive than a house in the interior
of the city. Buying your military
home
near by your work place and other facilities like hospitals, markets
etc. are very important.
1.
Building Equity over time:
You
can also boost your home’s value, and thus lower your LTV, through
judicious investments in home improvement. For instance, the home my
wife and I recently purchased has only a rutted dirt driveway with a
small shed at the end. Paving the driveway and building a proper
detached garage in place of the shed would substantially increase the
property’s functionality.
2.
Tax Benefits:
Many
states exempt owner-occupied military homes from a portion of the property tax
burden that would normally accrue.
You can deduct your property taxes and the interest paid on your
mortgage, reducing your overall income tax burden.
3.
Potential for Rental Income:
The
easiest way to do this is by renting out part or all of the property,
provided you follow all local rental property laws. You might rent
out a basement bedroom to a friend, live in one unit of a duplex
and
rent out the other to strangers, or purchase and move into a second
home, leaving your entire property free to rent.
4.
More Creative Freedom:
It
provided
they don’t break local building codes or violate homeowners’
association rules. You can paint walls, add new bathroom fixtures,
update your kitchen, finish your basement, or build a patio or deck
to your heart’s content.
5.
Some Utilities may be included:
Many
multi-unit building owners cover the cost of most or all utilities,
including non-essentials such as cable television. The practice is
less common, but definitely still possible, in smaller buildings like
duplexes and single-family military
homes.
By contrast, homeowners have to pay full utility costs, sometimes
several hundred dollars per month, depending on dwelling size and
usage.
6.
Relocating is easier:
When
you rent, relocating
for work is easier, less time-consuming, and potentially less costly.
That’s why renters who change jobs often typically rent until their
professional lives stabilize. Though a sudden move may require you to
break your rental lease, you can partially or fully offset the cost
of doing so by subletting your apartment or negotiating with your
landlord.
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