The short-term perks of renting

first_img 50SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Derek San Filippo Derek is a freelance writer who spends his off time either working with his rescue animals or writing children’s books. He lives in San Diego with his beautiful wife … Web: www.financialfeed.com Details Most folks have the dream of owning their own home. They want that piece of land that belongs to them. That’s totally fine. But while being a homeowner might sound good, it might not make much sense considering where you might be, financially speaking. So, what are the benefits of renting? Are there any benefits at all? The short answer is yes. It might not be what someone wants in the long run, but the short-term perks of renting can potentially outweigh your interest in buying a home.MaintenanceThis is the biggest and easiest one to keep in mind. The 1 percent rule states that you should save at least 1 percent of the value of your home and set it aside for maintenance. So, if your house is valued at $580,000, you’ll need to set aside $5,800 a year. When you rent, all maintenance costs go to the landlord. If the dryer is busted, the landlord takes care of it. If the roof flew off in a freak storm, the landlord pays for it. All the pressure of finding the right repairman and covering costs suddenly vanish and you save $5,800 a year.No Property TaxesThere’s not much explanation needed here. If you’re a homeowner, you’re going to pay property tax. If you rent, you don’t. Property tax can be $4,000 or more annually, depending on your home’s value and the land. You’ll save potentially several thousand dollars a year by renting instead of owning.Insurance CostHomeowner’s Insurance is required if you’re going to purchase a home. On average, you’re looking at spending around $1,200 in homeowner’s insurance, depending on the value of your home. Renters can obtain renter’s insurance to cover their personal goods in the event of some sort of loss, like a fire. It does pretty much the same thing as homeowner’s, but only costs $12 – $20 a month, according to Investopedia.ConclusionTake a moment and consider the potential financial benefits you get now before jumping into buying a home. This is not meant to deter you from homeownership, but to educate and encourage to take a step back and think.last_img read more

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Djokovic doubtful for Japan Open

first_imgRelatedPosts Djokovic clinches fifth Italian Open title Djokovic zooms to 10th Italian Open final Djokovic fined $10,000 for ‘unsportsmanlike conduct’ Novak Djokovic will decide over the next couple of days whether he will pull out of the Japan Open.The world No 1 returned to training following a shoulder injury earlier this week.The Serbian had not taken to a tennis court since withdrawing from his US Open fourth-round clash with Stan Wawrinka while two sets down.And Djokovic feels he may need more time to recover before he starts the defence of his Shanghai Masters title in a fortnight.“I have been training without pain for two days and that makes me optimistic about the idea of fulfilling my calendar,” Djokovic said.“Between today and tomorrow, I will decide if I play Tokyo, but I feel safe in Shanghai.”Djokovic has entered next week’s Japan Open but he may instead take another week to recover from his shoulder issue.The 16-time Grand Slam winner is defending 2,600 points in the remaining event this year.After Shanghai, the 32-year-old plans to travel to the Paris Masters and ATP Finals at London’s O2 Arena.And Djokovic will be looking to make amends for withdrawing from the US Open.“I’m sorry for the crowd. They came to see a full match, but it wasn’t to be,” Djokovic said after pulling out of the US Open.“I mean, a lot of people didn’t know what’s happening, so you cannot blame them [for booing].“It is very frustrating. Of course it hurts that I had to retire.“Some days the pain has been higher, some days with less intensity.“Obviously I was taking different stuff to kill the pain instantly. Sometimes it works, sometimes it doesn’t.” Tags: Novak Djokoviclast_img read more

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MSC youth cricket academy set to commence on August 28

first_imgAIMED at enhancing the talent of young and promising cricketers, the Malteenoes Sports Club (MSC) will re-introduce its youth cricket academy from August 22 through to September 2 at its Thomas Lands facility. The programme which aims to attract some 60 participants will be facilitated by former national player and coach Mark Harper.It is also expected that Guyana Amazon Warriors player Steven Jacobs, who is a member of the club, along with several of his Warriors teammates, will be on hand to deliver motivational lectures during the camp.Among the aspects of the game that will be looked at are: hand eye coordination, reflexes, agility and flexibility, balance, speed and the laws of cricket.Participants will also be involved in several matches during the programme which will help to test the skills, confidence and mental capabilities of players.Registration forms can be collected at MSC from 15:00hrs Monday-Saturday. The fee for children 13 and under is $1 500 while 17 and under will pay $2 000.Children coming in groups of five will get a special package. Guidelines for the programme will be available when uplifting the registration form.For more information interested persons can contact 225-6509 or call the club’s treasurer Troy Lewis on 613-2575.last_img read more

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Liverpool boss Jurgen Klopp offered new contract by FSG

first_img1 Jurgen Klopp has impressed since taking charge at Anfield Liverpool parent company Fenway Sports Group has declared its long-term faith in manager Jurgen Klopp by offering him a new, extended contract.The German has only been in the post for nine months but Press Association Sport understands principal owner John W Henry, Reds chairman Tom Werner and FSG president Mike Gordon have already been so impressed that they are prepared to tie him down for several more years.Klopp’s current deal expires in 2018, although there is an option for an extra year, but FSG wants the 49-year-old to build a new dynasty at the club and is prepared to invest heavily in him as a person.The relationship forged between Klopp and the owners is already a strong one and such is the mutual confidence and trust between the parties that a new deal would seem a mere formality.Klopp is already one of the highest-paid managers in world football because of his status and previous achievements so there is unlikely to be any issue over the financial side of the deal.What it does do, however, is give the German a greater understanding of the esteem in which he is held and provides him with a platform on which he can begin planning for the long-term.Klopp is the fourth manager in the almost six years of FSG’s reign at Anfield.They quickly dispensed with the man they inherited, Roy Hodgson, installing former boss Kenny Dalglish, initially on a short-term basis.The Scot was then handed a three-year deal and despite winning the League Cup and reaching the FA Cup final the next season, was sacked because of disappointing Premier League results.Brendan Rodgers’ appointment saw him almost win the league in his second season, which earned him a new four-year contract, but five months later he was sacked after a poor run of results.The faith FSG is showing in Klopp, who guided the same squad Rodgers had to the Europa League final, far outweighs anything they have displayed in the past as they are confident he is the man to return the club to its former glories.last_img read more

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