Rent Vs. Own

Are you renting?

Your monthly mortgage payment below is based on a 30 year term with a 3.875% interest rate.



Monthly Mortgage Payment

VS.


Monthly Rent Payment

Get A List of Off-Market Properties That Fits Your Criteria

Click Here

Properties in Sherman Oaks below $850,00


Art Harutyunyan

Art Harutyunyan
REALTOR®

Company JohnHart Real Estate
DRE 02083731

About Art Harutyunyan

I have over 10 years of experience in the real estate industry in sales as well as residential and commercial leasing. I have worked with individuals renting private residences as well as developers who are leasing multi-unit residential, mixed-use and commercial spaces.

Finding the right home is more than just the number of rooms and square footage. Knowing what’s important to each of my clients beyond home specifications is critical in finding the right home at the right price. Are great schools high on the list? Or is it walk-ability to restaurants? Is it all about the commute time? Is the focus on an up-and-coming neighborhood or a more established area? You need someone who will work to find you everything you want both inside your home and what is just outside your front door.

LA is a diverse city offering a variety of real estate opportunities. My extensive background in home sales, residential and commercial leasing as well as working with some of the most well-known developers in the area provides me with the knowledge and resources to find you the right property, in the right area for the right price.


Benefits of Buying Real Property

There are wide array of benefits for buying real property. From social to economic, and even political, benefits of owning real property can't be easily counted. Real property offers an anchorage to family geographic zoning. Owners enjoy the benefits of forming closer connections with their community, through local businesses, schools, worship places and neighbors.

As always, economic benefit is a good starting point. Did you know that by paying $900/month rent you are throwing away $54,000? Yes, rent is a waste of money. Rent can't be even claimed in tax returns. In contrast, monthly payments towards mortgage payment plan will expand homeowners' wealth as equity is created. Moreover, buying a real property increases credit rating through regular payment history and location security. Even more, real property buyers can claim interest in their yearly tax returns (consult a tax expert for more details).

On the political level, homeowners exercise more influence on political decision makers. Because most county and state profits are based on real property taxes, politicians answer demands of property owners before renters (who are usually relocating). For example, when the financial crisis struck the U.S. markets in middle of 2007, the federal government quickly enacted laws to protect property owners. The same issue played a crucial role in 2008 Presidential elections.

In addition to economic and political benefits, real property buyers enjoy better social standings. Because property owners are more constraint to move, they form social networks with their local community. Neighbors invite each other for birthdays and other events. Housewives form local groups to help raise the children of the community. Even in safety, most communities utilize local neighborhood watches to keep crime level at a low level.

Finally, by buying a real property, individuals achieve the American Dream. Thanks to the U.S. government system, ownership rights are at the foundational core of the United States. A sense of accomplishment and satisfaction beholds property owners as they are free to express themselves within their own castles. Buying real property is as simple as desires of potential buyers.

This information is an estimate and for research purposes only. The estimate is based on prevailing rates typical in the industry and your own input concerning salary and assets, which JohnHart has no way of verifying. The estimate does not purport to include every potential expense involved in purchasing a home (including but not limited to taxes and HOA fees) which can vary widely by property and location. Neither JohnHart nor any of its affiliates make any warranties or guarantees in any way about the likelihood of obtaining a loan for a house and on what terms (if at all) a prospective buyer may be able to obtain a loan. Prospective buyers must consult a lender for qualification and for terms of qualification according to a buyer’s financial situation at the time and the property sought. This information only represents an estimate based on average financial terms prevailing at the time and may be different from what you see from a lender depending on, amongst other things, your individual financial situation and time period during which you seek a loan.