RYZ Homes

04/30/2023

Have you ever considered house hacking as a way to reduce or eliminate your housing expenses? 🤔

House hacking is when you purchase a multi-unit property, live in one unit, and rent out the other(s). This can help you cover your mortgage payment or even generate positive cash flow.

Let's explore a house hacking scenario in Utah:

Purchase price: $600,000 (duplex)
Interest rate: 7% (30-year mortgage)
Monthly mortgage payment: $3,995 (principal and interest only)
Price-to-rent ratio: 20

Assuming each unit is similar in size and amenities, the monthly rent for each unit can be estimated at:
$600,000 / 20 = $30,000 (annual rent per unit)
$30,000 / 12 = $2,500 (monthly rent per unit)

By renting out one unit for $2,500, your out-of-pocket monthly mortgage payment would be:
$3,995 - $2,500 = $1,495

Plus, with the current annual rent increase of 10%, your rental income would grow year after year.

Not only are you saving on housing costs, but you're also benefiting from the 5% annual home appreciation rate in Utah. Talk about a win-win! 🏡💰

Curious about house hacking opportunities in Utah? Contact RYZ Homes today and let's find your perfect investment!
That’s right. Multi-unit properties often leave monthly residual income from the very first month and pay themselves nicely. Call me and let me share a few examples with you.

04/29/2023

Let's compare the financial impact of renting vs. buying over 5 years in Utah:

🔹 Renting:

Current average rent: $1,750/month
Rent increase: 10% annually
Total rent paid over 5 years: ~$126,435
🔹 Buying:

Purchase price: $600,000
Interest rate: 7% (30-year mortgage)
Monthly mortgage payment: $3,995 (principal and interest only)
Home appreciation rate: 5% annually
Home value after 5 years: $766,420
Mortgage balance after 5 years: ~$537,850
Equity built: $228,570
Over 5 years, homeownership allows you to build $228,570 in equity, while renters pay over $126,435 with no equity to show for it.

Invest in your future by building equity instead of paying someone else's mortgage. Contact RYZ Homes today!

Check out some properties around you, you’ll be surprised about what you’ll find: https://ryany.primerealestateexperts.com/
If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/26/2023

Homeownership can also improve your credit score, leading to better loan rates and credit card offers. So not only is owning a home a smart investment, but it can also lead to other financial benefits!

Plus tax benefits, plus the freedom of customizing your place, plus equity… there’s no reason NOT to buy! Give me a call or access https://ryany.primerealestateexperts.com/ to see the newest properties.

Check out some properties around you, you’ll be surprised about what you’ll find: https://ryany.primerealestateexperts.com/
If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/24/2023

Scenario: Let's say you currently own a home worth $400,000 and you want to upgrade to a larger home worth $700,000. With a 30-year mortgage interest rate of 7%, your monthly mortgage payment on the new home would be around $4,661. But if you were to wait and buy the home in a few years when the value has appreciated by 5% per year, the same home would cost around $810,000 with a monthly mortgage payment of $5,682.

Oh and 5% is a very decent number. In fact, house prices DOUBLED from 2018 to 2023. The best time to buy is now! Give me a call or access https://ryany.primerealestateexperts.com/

Check out some properties around you, you’ll be surprised about what you’ll find: https://ryany.primerealestateexperts.com/
If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/23/2023

I love doing what I do. I get to share and listen to people’s wants and needs… what their plans are and how they are hoping to get there. It’s impossible not to fall in love with their dream and feel an overwhelming sense of accomplishment when I hand them those keys.

It’s a dream come true, to be able to work with you all, day after day, to chase each one of our dreams.

Check out some properties around you, you’ll be surprised about what you’ll find: https://ryany.primerealestateexperts.com/
If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/21/2023

Did you know that a study found that homeowners are 3.5 times more likely to volunteer in their community compared to renters? Homeownership can bring a sense of community pride and responsibility!

Check out some properties around you, you’ll be surprised about what you’ll find: https://ryany.primerealestateexperts.com/
If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/20/2023

04/19/2023

If you work from home and have an office space in your new home, you may be able to deduct costs for space on your itemized tax return. Check with your tax expert to see your particular situation and business!

There are dozens of reasons to buy a home. Investment, seasonal property, growing family or living standards… all of them make financial sense! Let me explain it to you!If you work from home and have an office space in your new home, you may be able to deduct costs for space on your itemized tax return. Check with your tax expert to see your particular situation and business!

Check out some properties around you, you’ll be surprised about what you’ll find: https://ryany.primerealestateexperts.com/
If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/13/2023

Did you know that a study found that children who grow up in homes that their parents own have better academic performance and fewer behavioral problems? Owning a home can provide a stable environment for your family to thrive.

It’s also important that both parents, if possible, participate in the child’s daily activities and encourage constant growth.

Check out some properties around you, you’ll be surprised about what you’ll find: https://ryany.primerealestateexperts.com/

If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/11/2023

Are you worried about the down payment for a home? With FHA loans, you may only need to put down 3.5% of the purchase price. For example, on a $600,000 home, that's only $21,000.

Oh and depending on the neighborhood, you may even qualify for 0% down payment with a U.S.D.A. loan! Let me explain it to you, give me a call.

Give me a call and I’ll give you all the details.

If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/
+1 801-610-6628

04/09/2023

🌷🐣 Wishing you a Happy Easter from our family to yours! 🐰🌼

As we gather together with loved ones to celebrate this special time, may your home be filled with warmth, laughter, and cherished memories. May the spirit of Easter bring you joy, hope, and a renewed sense of wonder. 🌸💕

Take a moment to enjoy the simple pleasures of life – the laughter of children, the vibrant colors of spring, and the joy of sharing love and kindness with those around you. Let's embrace the beauty of new beginnings and create unforgettable moments with the people who matter most. 💖🌺

04/08/2023

Adding energy-efficient solar electric and solar water heating equipment to your home can earn you an additional tax break in the form of an energy tax credit. Check with your tax consultant and learn about YET ANOTHER benefit of owning vs renting a home.

If you have made your decision and are ready to look at some properties, call me! Or take a look the newest homes on the market by visiting https://ryany.primerealestateexperts.com/

+1 801-610-6628