The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059
Call: (844) 592-4344 (804) 364-3649 Email UsTheGardens.CommunityWebsite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

The Gardens at Twin Hickory Blog

The Economics of Renting and Buying

Joseph Coupal - Monday, October 29, 2012

CBS News economics and business correspondent Rebecca Jarvis joined "CBS This Morning" to offer those who are debating the buy vs. rent question some tips on whether they should pursue buying or renting. Here are Jarvis' five things you need to know before you take the plunge into home ownership:

How long you plan to stay matters: It takes 5-10 years to recoup the closings costs of buying a home

Location, location, location: The age-old adage holds true in this debate. In some places renting can be a better deal than buying, so do your research

Know about the hidden costs for both: Hidden costs of owning include closing costs, insurance, maintenance, stress. Renting costs include moving expenses

Tax deductions are not guaranteed: Homeowners do get a variety of tax deductions, which can offset the cost of owning, including mortgage interest to property taxes. But, be aware that as politicians try to fix the U.S. housing problems, some of these deductions may disappear

Money: Know how you plan to pay and consider how much of a down payment you can afford to make and how good your credit score is. Buying may seem like a good way to accelerate adulthood but if your income could change, you may not be ready

Interested in renting an apartment in Glen Allen, VA? If so, contact The Gardens Apartment Homes.

CBS News


The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059

Call: (844) 592-4344
Email UsTheGardens.CommunityWebsite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$1,049-$1,481