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WHY OWN?
You
own and control your space. Condo
owners receive a titled deed, just like any other real estate.
You
can gain access to your space 24 hours per day, 365 days per
year.
You
control the security level of your space.
You
can totally customize your space to match your needs - from
colors, flooring, mezzanine structures, etc.
Your
space can include high speed internet and cable T.V. at most
GarageTown locations.
You
decide what temperature is right for your space.
You
benefit from all real estate appreciation and may sell your
unit at any time. (The perfect
starter real estate investment!)
You
can participate in all real estate tax benefits which may include
1031 exchange, depreciation, mortgage
interest and property tax deductions. Please check with your
tax professional for your specific requirments.
You
and your family enjoy the benefits of the Club House - climate
controlled, big screen T.V., bathrooms, showers, mini-kitchen,
high speed internet.
You
can become part of a community of like-minded people who have
interests and hobbies similar to yours. |
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OWN
vs. RENT - THE NUMBERS
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Own
|
Rent |
| Monthly
Payment |
$574 |
$600 |
| Total
Annual Payment |
$6,888 |
$7,200 |
| Tax
Deferred Investment? |
YES |
NO |
| Appreciation
Benefits? |
YES |
NO |
Assumptions:
Purchase Price: $59,900*
Financing of $47,920 (80%)
(7.7% APR fixed for 120 Months)
*Prices above are for illustration purposes only.
GarageTown prices vary by location as do other storage
unit rentals.
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Financing
is available through selected lenders.
For rates and forms, visit our financing
page.

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