Deciding to Rent or Buy a Home?
Are you deciding if you should rent or buy a home right now? Keep the long run in mind when making your decision.
If you're a renter, you're probably going to have to make an important decision in the next year. Should you renew your lease, start another one, or buy a home?
Before you make this decision, it's important to think about your long term plan.
If you look at the graph in my video, you'll see that rent prices have continued to go up every year since 1988. And that makes rent a rising cost.
On the other hand, homeowners have a set monthly payment so their payments are predictable.
So if you're looking for more stability in your housing costs, it might be time to make the decision to buy.
On top of that, homeowners also build equity. Over the last year alone, homeowners have seen an average of $34,000 in appreciation and that's just something you just won't get if you're renting.
So if you're thinking of renting again this year, it's important to keep the long game in mind.
Contact me today and let’s talk about your long game and how I can help you achieve your goals.