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Updated about 9 years ago,

User Stats

57
Posts
7
Votes
Daniella Ortiz
  • Real Estate Investor
  • austin, TX
7
Votes |
57
Posts

15 vs 30 yr Primary residence

Daniella Ortiz
  • Real Estate Investor
  • austin, TX
Posted

HI

I am getting ready to buy my first home.  I plan on having roommates.  Was wondering how much an extra bedroom is worth in terms of resale value?  For example, there is a 3bed house for 245k vs a 4 bed for 310k.  Which is better?

Not sure what the future will bring...my plan is to rent this house out after I purchase my next home..but I might end up selling this house within 5-10 years.  If I sell it within 5 years, does it make more sense to get a 30 yr mortgage (lower payment) or get a 15 yr (more toward principal).

d

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