Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / July 28, 1994, edition 1 / Page 9
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Advantages and Disadvantages of Renting a Home Versus Buying a Home A lot of gainful employed sin gle persons are buying homes. A lot of persons being relocated on jobs are faced with the decision as to ?whether to rent or buy a home. There are advantage and disadvan tage of both. Consider these pros and cons: For some families, renting is the best solution. You may not be ready economically or emotionally to own. Some people consider rent ing a temporary way to live until they are' more settled in job or fam ? ily- i; :? Renting can mean benefits such as: . ?'??0 '? Moving is easy (you can move within a short time). ? Amenities may be available (pool, tennis courts, social/activity rooms, laundry facilities, security * for apartment renters). ; ? You have few responsibilities. ? Maintenance and repairs are handled by the owner. J ? There is no large dgwnpay ment, only a security deposit. ? Some monthly expenditures (rent) are fixed making it easier to budget, j ? There is no chance for fman amount of the lease). ' * There is a sense of security from nearby neighbors. ? You can look over thei com munity and move again. ' * ? Moving-in costs are low. . ? It is easier if you travel a lot, either for your job or pleasure. However, renting has some dis advantages: j ? It offers no special tax deduc^ tions. : , ? There are no potential gains from the rising value of property. ? You usually get less space for the money. [ , ? Changes cannot be made or are limited in scope. ? Rent rises- with inflation except where there ^re many rental units available. \ ? You will probably have restrictions on noise level, pet own ership, or children. ." x . Pat Landingham Group Celebrates > Anniversary Elizabeth Court #7, Order of the Cyrene Crusaders will cele brate their first anniversary the weekend of August 27 and 28. V On Saturday, August 27th , the Court will host a Prayer Break fast from 9-11 a.m. at Goler Memorial A.M.E. Zion Church on Patterson Ave. The Rev. Seth O. Larty is the pastor. The Anniversary Service will be held at 3:30 p.m. on Sunday, August 28 at Goler Memorial A.M.E. Zion Church. The Court was formed on August 28, 1993. The theme for the celebration is "We Are Family." The chairper son for this event is Princess Gwendolyn Goins. Special guests will include the Men of Goler Memorial Church, all the affiliate bodies of the Prince Hall Family, " and other Cyrene Courts through out North Carolina. , The Prison Ministry Choir of the church will render the music "Tinder thf direction of Brother Aaron Orr for both services. Orr is an associate minister at Goler. Princess Pat Rhodes-Landing ham is the commandress. Sir Knight Weldon Hay is the chief * engineer. Eminent Commander Hessie Smith and the sponsoring Knights Temple will co-host the ? anniversary. If you are thinking about buy ing a house, consider the following advantages: ? A house is a form of forced savings (you make- payments on an asset that may grow in value ? many families would never accumu late assets otherwise). ? Homeowners often have a sense of pride and status in home and community, \ ? ? A homeowner may have a better credit rating (equity in a home .improves the credit status of the family and can be used/as collateral for an emergency loan). ? Mortgage payments remain . relatively constant for many years (fixed loan), thus housing costs are stabilized because present and future costs can be estimated and planned. ' ? Interest on mortgage monies and taxes are legitimate income tax deductions. ? The house may increase in value, resulting in significant gain in net worth. ? Ownership may contribute to. security,, especially in retirement years when income normally decreases. ? A homeowner can borrow against his/her equity, as the value of the house increase against what it owned on it. - _ r r 9: , * ? More space may be available for family members and their activi ties. " ' ? A homeowner has freedom to make improvements and changes to ethe house and' surroundings as Consider the advaf^ai^s and GUEST COLUMNIST By JOANN J. FALLS / i - f desired (although a development or association may have restrictions and prohibitions). disadvantages and your values when making" the decision on renting or owning. ADVERT1SCD mm POLICY- Each of these advertised Items Is required to be readMv available for sale In each Kroger Store, except as specifically noted In this ad If we do run out of an advertised item, we will offer you your choice of a comparable item, when available, reflecting , the tame savings or a rain check which will entitle you to pur chase the advertised Item at th* advertised price within SO days. Only one vendor coupon wHi be accepted per Item pur chased COPYRIGHT 1004 THE KROGER CO. ITEMS AND PRICES GOOD SUNDAY. JULY 24.THROUGH SATURDAY JULY S0,ig94 IN GftEENS BORO. WINSTON-SALEM. AND HIGH POINT. \ WE RESERVE THE RIGHT TO LIMIT OUANTITIES. NONE SOLD TO k DEALERS UNIQUE SHOPPING EXPERIENCE ASSORTED FLA VORS 24-Pack, 12-oz. cans RED, RIPE California Stravriterrtes 1-Lb., Ctn. \ - U.S.D.C. INSPECTED, FRESH ALASKAN WHOLE Sllverbrlte Salmon \ Pound U.S. GRADE A W AMPLER/ LONG ACRE Breast Quarters \ S Pound ASSORTED FLAVORS Polar Pak lee cream ..... IfECULA/t OR CQUNTRY STYL? Donald Duck Orange Juice HYCRADE LITE BEEF OR Ballpark Beef Franks KROGER UTEWHTTE OR LITE wheat Bens Keebler Rlpplln's REGULAR OR LIGHT GENUINE DRAFT OR Miller Lite 24-Pack, 12-Oz. cans piin 205 1 I ?H MuHn If tux Ccrtificiie rtdctnublr *wh iddhionjl purest* of oot of 4 ot her t'irntr llomtVidto tuts ?Uiaun Main/ iftr ftitmam. Dmno the ?aucr Frrf and The item CtrJrn $3.00off the purchase of Thumbelina Video Cassette i WITH COUPON I LM(T ONE COUPON PER CUSTOMER ^^O^PONGOOO THROUGH JULY 30. 19W Suggested Retail Prke: $24.96 Kroger Retail $19.99 Less Kroger Coupon - 1.00 $16.99 * Hess Mall in Rebate - 5.00 -J!L. Your Final Cost flL E If you find a lower price at arty Independent drug store or conventional chain drug store (such as Super-x. Eckerds, Revco, Rite-Aid, Or Kerr) we'll pay the difference, it's that simple. You can't do better than the duality, service, or price at your Kroger Pharmacy. Senior Citizen Discount on your entire purchase! / * (Excluding beer, wine and tobacco.) Persons 60 years or oider.are eligible. See store for details.
Winston-Salem Chronicle (Winston-Salem, N.C.)
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July 28, 1994, edition 1
9
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