Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Renter Turns Into Happy Homeowner and Saves Money

Posted by Mastura Zaini-Roberts on Thursday, November 1st, 2012 at 4:33pm.

by Lisa Alberian


When my family decided to move to Las Vegas, we rented a house in a nice neighborhood. Since we didn’t know much about the area, we relied on our real estate agent’s knowledge to help us make decisions in addition to a lot of our own research. We were very fortunate to find a nice rental house in Henderson. 

At first, everything was completely different than what I was used to and nothing felt like home. Every chance I had, I drove around different areas to get a feel for what “living in Las Vegas” could be. You can learn a lot about an area by going into local businesses. It is NOTHING like “The Las Vegas Strip” out here in the suburbs! After a while we finally felt settled in with new careers and that’s when I started thinking…. 

Being a previous homeowner, I knew the benefits of home ownership (and I really, REALLY wanted a vegetable garden!)  I researched housing prices online on a regular basis and it caught my attention when mortgage rates started dropping, so I took the next step and talked to my bank and to a mortgage broker. Since the price of houses are still so low, and mortgage rates are still so low, I wanted to know exactly how much we could afford.

To my complete surprise, not only could we afford to buy a house, but the mortgage is almost HALF what the rent was costing us! Not only are we saving money every month, we have the tax benefits of homeownership and an appreciating investment. We also have a vegetable garden and a place to truly call HOME.

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

Buy Las Vegas Real Estate Before FHA Loan Limits Decrease!

Prospective owner occupants need to hurry up and buy Las Vegas real estate before FHA loan limits decrease! The Department of Housing and Urban Development has revised its FHA loan limits for counties across the United States based on the most recent average sales prices, and as of October 1, 2011, Clark County Nevada...

Home prices up 7% in February

February saw increases in home prices both year-over-year and month-over-month, according to CoreLogic – and most of the increase has been from homes in the lower price tiers.Home prices, inclusive of distressed sales, rose by 7% year over year in February and 1% from January. “Home prices and...

Is renting really cheaper than owning a home?

The responsibility of owning a home can be intimidating for people who’ve only rented in the past, but new data from Zillow suggests renting can actually cost more. Zillow’s analysis found out that sans increasing monthly housing costs, a typical renter can buy a home almost 50% more expensive than the med...

11 things sellers should do once the for sale sign is in the ground

  Selling a home is a business -- take the personal out of it Key Takeaways: Sellers should keep the home in a ready-to-show state, which means toning down decor, cranking the air conditioning and turning up the lights. The sellers have decluttered, painted, made repairs and spiffed up the lands...

Single Family Home Inventory - Market Update for April 2012

As of April 26th, only 4,594 single family homes remain listed in the Las Vegas MLS as active (not under contract) in Clark County. Our inventory is continuing to shrink as few, if any, bank foreclosures are reaching the market due to the restrictions of AB 284. The sale of lower priced housing, in particular, is re...

2 Responses to "Renter Turns Into Happy Homeowner and Saves Money"

Sana wrote: If we were standing on the sdeliines, armchair quarterbacking, PDXrenter might have a point. Since we practice what we preach I think he/she is off base. Instead, we've bought and sold and made some pretty good money during the time sited as a lousy time to be in the market.I couldn't care less about what your motivation is to look at real estate as a potential investment, it is not for everyone. It might be a New Years resolution, advice of an accountant or just a gee whiz.The whole point of this blog is to help people decide if real estate is right for them and if it is, hopefully get them to work with us. This is a form of advertising and hopefully a lot more useful than a glamour photo in a glossy magazine. It shouldn't be a newsflash that we get paid for selling houses. We get paid more by creating a relationship where our clients use us more than once and refer us to their friends. It is about selling houses and building relationships.I can't wait for two years to pass so I can grab up all of these $200,000 Pearl condos.

Posted on Saturday, December 8th, 2012 at 6:23am.

Ashlee Anderson wrote: Diann, it is really interesting how many renters across the country especially in areas with higher home values are in the same situation that you recently were. It is actually amazing in some instances how much less owning a home is than renting, even without the tax benefits of home ownership and even more so is that a lot of renters do not even realize it. Likewise many of the homes available for purchase when compared to equivalent rentals dwarf them in both size and features. Perhaps it is simply that the tables have turned so much since 2006 like in Southwest Florida, where we used to live, the cost of owning used to be nearly double that of renting.

Posted on Friday, December 14th, 2012 at 9:14am.

Leave a Comment

Have a Question?

Contact Us

Follow Us