Military families are often forced to make decisions civilians are a lot less likely to confront. In many cases, for example, choosing which type of housing to arrange for will be more difficult for a military family than for most others.
One military Realtor Oahu residents frequently recommend to others has written up a guide that many will find useful. Available online at www.soldbyshannonhi.com, the piece identifies and describes the issues that are most important to military members thinking about whether to rent or buy housing.
Breaking Down a Common Problem Into the Most Important Issues
There are tens of thousands of military members stationed on Oahu at most times. While some of these enlisted individuals and even officers live on one of the island's four bases, many others make housing arrangements of their own.
The question most often confronted by military members in the course of looking into housing is whether it makes more sense to rent or buy. The detailed guide available at soldbyshannonhi.com ranks the following four issues as the most important to consider in such cases.
Payments. Every part of the country has its own characteristic situation regarding the housing rental and purchasing markets. In some places, there are so many rental units available that monthly rents tend to be quite low relative to average mortgage payments. On Oahu, however, there is a notable lack of rental housing, meaning that buying will often make considerably more financial sense. In many cases, it will actually be less expensive, on a monthly basis, to buy a home than to rent one.
Stability. Some members of the military find themselves being reassigned quite frequently. Other occupations within the military, however, will virtually guarantee long-term postings at particular bases. Military members who end up in the latter situation can easily benefit from the stability that comes with owning a house instead of renting.
Investment. Even if renting ends up costing less in terms of monthly payments, military members who go this route will never end up with anything to show for it. Choosing to buy a home will mean building equity along with having the ability to generate income in the future by renting the property out to others.
The Best Way for Many Military Members to Go
As those who learn about soldbyshannonhi will see, it quite often makes sense for military members to buy homes of their own on Oahu. Working with a real estate agent who understands the issues that most often impact military families will make it easier to discover the most appropriate solution to the problem of housing.