Cleveland House Contractors and Homes for Rent; Your Home Mechanics and Property Managers
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    Welcome to Reilly Painting and Contracting, "The Home Mechanics," and Reilly Properties. We are your Cleveland home contractors who specialize in major home design projects and remodels, and minor home repairs. We also provide house rentals throughout Cleveland, Ohio.

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  • Testimonial

    Fortunately I just found out from the Shaker Heights housing inspector that everything passed inspection and that all of the violations have been successfully corrected. David did an excellent job in coordinating and assuring high-quality work on all of the many projects that were done here. We will definitely use Reilly Painting again in the future for other projects.

    P.C.
    Cleveland Heights

  • Buying vs. Renting….And The Winner Is….

    [caption id="attachment_7188" align="alignleft" width="300" caption="Cleveland Rentals"][/caption]

    When it comes to home real estate, is it better to buy a home or rent one? Well it looks like buying has won this round, according to Alan Farnham of Good Morning America. Looking for rentals in Cleveland? See the homes at Reilly Properties!

    Is it better to buy a home or rent? An analysis released today by real estate information provider Zillow.com finds that in most of the U.S., buying becomes a better deal than renting after only three years of residence.

    In many metro areas, the advantage comes much sooner.

    In Miami, Fort Lauderdale, and Tampa, for example, owning beats renting after 1.6 years, the study finds. Zillow determined the breakeven horizon—the point at which owning becomes more financially advantageous than renting the same home--for more than 200 metro areas and 7,500 cities around the U.S.

    Unlike a simple purchase price-to-rent ratio, the breakeven horizon takes into account such other data as taxes, tax deductions, down payments, utilities, appreciation, maintenance, opportunity costs, and fluctuations in the rental market.

    "People traditionally have looked at the price-to-rent ratio," Zillow senior economist Svenja Gudell tells ABC News. "But that's not comparing apples and apples. Our calculation takes into account all costs, plus tax deductions and inflation. It would be very hard for the average consumer to crunch these numbers."

    Read more at Yahoo

    Filed under: Selling Your House
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