Meet our Rental Managers
Vacationing in the Mt. Washington Valley… Let us help you find the perfect spot for your White Mountain getaway! Looking for a Year-Round Rental? We have those too!
Bill Barbin and Theresa Bernhardt, our Rental Managers,
would love to introduce the Mt. Washington Valley to you.
They know the area well but appreciate that for those
moving to the area or interested in a year round or seasonal rental, finding the right rental property can be tough.
There are so many factors: the neighborhood,
matching your needs to the right property and price,
and the rental agreement paperwork. Why spend days
combing through the classifieds or driving around,
when with one call, you connect with a rental specialist
who’s dedicated to finding the right rental for you?
You’ll save time, money and gas!
When Renting Makes Sense
Whether you’re relocating or moving out on your own for the first time, you’ll be faced with the choice of renting versus buying a home or condo. There are advantages to both, but below are six circumstances when choosing to rent really makes sense. If you do decide that renting is your best route, make sure to call one of our rental agents, Bill or Theresa to help you with your rental search.
There are some good reasons that make renting a more palatable option when decision time arrives. The most obvious reason is longevity (or the lack thereof). If you have no intention of settling down in the area you are looking at, it makes no sense to buy a home. The interest and fees you will pay to acquire that home for less than 6 years will likely not pay off. Of course “life” happens and you are sometimes forced to move away after buying a home. Those little hiccups we cannot avoid. In most cases, the financial commitment to purchase a home is far greater (on the surface) than that of renting.
Annually, a homeowner will be responsible for the mortgage, maintenance costs, community living fees, taxes and insurance. This differs from the renter who is only responsible for the rental payment and renters insurance. While this may look like an obvious choice, the most critical thing to remember is that all of the money spent by the homeowner for mortgage and maintenance is essentially money going back into their pocket. This is where it starts to pay off after 6 years. The average homeowner will spend nearly $1,800 less than a renter for each of those first 6 years. (Data source: Moody's Economy) That money spent on rent is essentially thrown away. The homeowner is investing in themselves and their equity.
Renting offers more flexibility than home ownership. By renting a home, you are afforded the freedom to explore an area before making the longer-term commitment to homeownership. Unless you have your heart set on a specific neighborhood, renting allows you more time for research. You can really get to know an area, and explore others, during this period.
Another factor in the rent vs. buy conundrum is career uncertainty. If you think you might need to move in the near future, or are mulling job changes that span several areas of town or are located elsewhere in the country, you might want to rent. Buying ties you down to a greater extent. This uncertain job market can also mean income uncertainty. If you expect a pay hike or cut in the near future, that can change your borrowing ability as well as impact your ability to pay a mortgage.
If you are currently saddled with bad credit, creating a history of on-time rental payments can help you build the sort of credit you'll need to qualify for a mortgage. This rental time can be a great way to establish yourself financially and prove to the banks you are a good credit risk, when the time is right.