We Know Real Estate
Will Daly
Call Now
26
2023

IS RENTING BETTER THAN BUYING?

 
Being a homeowner has its perks and privileges but it also comes with a lot of responsibilities which all involve money. You need to think of repairs, taxes, insurance and maintenance. Not to mention city maintenance and repairs for streets, sewers, curbs and sidewalks near your home. If your house is in the corner of the block, these costs are doubled. 

But don’t let these costs discourage you from becoming a homeowner. If you have the desire and enough funding to purchase a home, you should also have a good understanding of government policies so your house becomes a good investment. Consider it as a business with the city and state financial departments so your chances of making a promising investment is high.

Know what it takes to become a homeowner. Learn the ropes from completing and filing paperwork and getting in touch with necessary agencies. All the hassle involved in the process can be confusing and discouraging.

Your role is an investor. Your responsibility is to own and maintain your property. But you are not expected to know everything including the business side of owning a home. You need to team up with people you can trust who can help you ensure your house’s value will increase. This team should be able to guide you in making prompt payments, tax assessments, insurance, maintenance,( H.O.A. requirements, when applicable), upgrades and necessary repairs or maintenance. If these sounds all too overwhelming for you, you ight as well stick to renting.

Through renting you are giving business to the owners. Being a renter, you don’t need to come up with a large amount of money and no need for taxes.

Think about these things:

How much is my income?
How much is my rent?
What is your credit rating?
How much do you spend and how much do you save?
How well do you handle your money?

You need to think about these things to determine if you’re ready to be a homeowner. You should also consider the economy. Do you know the current market climate? Do you believe it’s looking up? Are you knowledgeable when it comes to government regulations.

So if you want to buy a property and work towards increasing the value, you as homeowner needs to be knowledgeable about finances, real estate, taxes, government policies and regulation, city building codes and restrictions and have good credit rating. If you know these things, you can make your investment grow and start other investments for your family’s future.

After some time, the value of the home you invested in will increase. This is the measure of your success as a financial wizard. You were able to take advantage of the government tax system and policies and borrowed against it. The money you borrowed is tax free and your earnings from it is tax-deductible.

People who used this method was able to finance other things like school tuition, payment for a new home or a new investment.

If you bought a home for $600,000 and you sell that same home for  $1,000,000, you can have the gain tax-free for up to $500,000 for a married couple. Real estate transactions like this is the only one that have a no tax income advantage. You may want to consider them for your retirement fund.

When it comes to investing, no time is better than now. But don’t do it in haste. Careful planning is required. And do it with a team of professionals who can help you with financial and legal matters.

A real estate agency is really a team that lead you to good investments and they teach you how you could maximize your earnings – tax free.

Renting versus Buying
 Renting Buying
 no tax deduction tax write-off
 rental fee can go up anytime house expenses typically will not go up
 not free to make changes you can make physical changes as you please
 you can be evicted home value increases over time
temporary your home for as long as you want

What my clients are saying  

Phoenix, AZ. This company is very professional. I spoke with the owner first who put me in touch with Josh. Both really wanted to understand what I was looking for in a living situation in Phoenix. After viewing many condos in the downtown and surrounding area, I really felt that Josh was not giving me the hard sell. Each place we visited he was very knowledgeable of the pros and cons and was not afraid to share both outlooks with me to find the best possible fit. After getting to know Josh, I look at him as a true friend and would definitely recommend my friends and family to him. Thanks Josh for everything. I love my new place.

 

~ Jason J.

Phoenix, AZ. I went on a bus tour with Will and the team at We Know Urban several years ago. When it came time to look for a property I called and got a hold of Josh. We went and looked at some condos but ultimately I decided I needed a house. Josh was on top of things from the get go. All of my questions and concerns were addressed in a timely manner and to my satisfaction. Josh is a stickler and it showed in his negotiating on on my behalf. I would recommend the We Know Urban group to anyone looking for an urban condo OR a house!

 

~ Spencer D.

Glendale, AZ. I have worked with Will Daly, from We Know Urban Realty, for many years and I find that he applies a very high standard of work ethic, integrity and professionalism in each transaction. It has been a privilege to work with the whole team at WKU Realty, as they are realtors who do a great job and care about their clients.

 

~ Brenda S.

Phoenix, AZ. I worked with Will at We Know Urban. It was my first stab at home buying so I appreciated the extra care, insight, and attention that he provided. Coming from the tech world I also thought their site was very easy to navigate. Kudos on that and thanks again!

 

~ Terrence P.

*****Phoenix, AZ. Will Daly is an awesome agent! He has almost sold out my difficult little condo project in Downton Phoenix, Metro 12 Townhomes metro12.com I normally don't like working with realtors, but Will has been exceptional. He's even taking on some of the work that , we, the developers should be doing. Thanks Will, and good work!

 

~ Les L.

*****Tempe, AZ. Will is the best. We have taken many of his tours in the past. We finally got a chance to purchase something through him and he was extremely helpful and did a wonderful job.

 

~ Lew F.

*****Surprise, AZ. We had the great pleasure of working with the principal of WeKnowUrban Realty, Mr. Will Daly, the broker and founder of the firm. We had a most difficult situation with our downtown Phoenix condo, and he proved to be a continuous source of positive energy and creative business acumen. He even attended a couple of our HOA meetings to help our owners address some of the issues in our building. He brings over 20 years' experience specializing in downtown Phoenix condo units, and there is no problem he hasn't encountered. Great website, lots of free research offered there. Will returns calls promptly and always maintains a high degree of professionalism, especially when his clients are feeling the pressure, and he even has a great sense of humor. We would use Will again in a New York minute! Check out WeKnowUrban. Maybe you'll get lucky and get Will himself!

 

~ Leo M.

*****Gilbert, AZ. I've known Will Daly and We Know Urban for years. I have never met anyone who knows more about urban living in Arizona that him. We have done business quite a few times over the years and it has been a pleasure to see him help his clients find the place of their dreams. I recommend We Know Urban for anyone looking to rent or buy and urban condo.

 

~ Kelsey B.

Jasper, TN. Will Daly with We Know Urban Realty is handling two short sales for me in Tempe and Phoenix. He has been truly remarkable to work with and I really can't say enough to express my appreciation and respect. Will is fair, hard working and honest and has gone above and beyond the call of duty to help me work through the sale of my property. He was able to get offers for me in the first few weeks of listing and his follow through is impeccable. He is a straight shooter that tells you like it is, is very aware of what is going on in the market and knows how to handle short sales. I would highly recommend him and will use him exclusively when buying or selling property in Arizona.

 

~ Tess W.

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