![]() ![]() ![]() The result is that you can get into some of the most affordable housing in Billings. Here at Big Sky Homes, our most expensive houses are below the average cost of a home in Billings. But we’re not going to talk about the average home price we’re going to talk about affordable housing in Billings. When you add into that the cost of taxes, insurance, utilities, and maintenance, you’re suddenly looking at nearly twice that every month. With interest rates at 4%, you’re looking at $1,000 per month, and that’s just for principle and interest. The average price of a home in Billings, MT is $209,900. So what’s holding people back? It’s the cost. ![]() If you took a survey of all the homeowner’s out there, you would probably find that the vast majority of them love owning, and would suggest that anyone that is able to own their home. Often people get into home loans that are a bit of a struggle. You build equity, but you’re also on the hook for a big loan. It means you’re responsible for everything: the good and the bad. Many people love the flexibility of owning a house. Owning gives you a whole lot of flexibility. If you don’t like the carpet, the paint, the fixtures, or the appliances, you have free reign to change things up. When you sell you could have a nice chunk of cash. Every year your house will appreciate in value, and your loan will go down. There will likely be a loan attached, but you’re not renting someone else’s property. There are plenty of perks to owning, but there are some downsides too. Owning – The other side of the coin is naturally to own your home (or condo, or mobile home). For the college student that only needs temporary housing during the school year, or for those who don’t want to worry about keeping up with the annual maintenance of the house, renting is a great option. Renting is a great option for a lot of people. Yep, it’s cheap to rent, but it can also be expensive. Normally a landlord will only evict if you miss payments, but you can get kicked out for any reason. ![]() You pay for the home every month, but you don’t build equity. Sometimes renting is cheaper than owning the house.īut there are downsides to renting as well. Don’t like where you live? Wait until the lease is over and move. Rent – There are a ton of great perks to renting. Here is a quick rundown of what you get when you rent or buy. or buy a house, townhouse, mobile home, and so on. Naturally those are broken down into further sub-categories: rent an apartment, house, townhouse, condo, trailer, etc. There are two primary ways to house yourself. Here at Big Sky Homes, we have the solution for you. “How can I find the most affordable housing in Billings?” The possibilities are plentiful, but what many people wonder is this: You can rent, buy, build, or squat (we don’t recommend squatting). The Billings Heights is a great option, but it’s also far away from a lot of what Billings has to offer. You can get an old house closer to downtown, but you’re going to have a lot of maintenance issues that pop up. You can get a big house out on the West End, but you’re going to pay a lot of money for that house. When it comes to where you want to live, you have quite a few options. ![]()
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