The Cost of Renting vs Buying

cost of renting vs buying

Some Highlights

  • The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.
  • This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power.
  • If you’d like expert guidance on exploring your home buying options while affordability is high, reach out to a local real estate professional.

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Does owning a home make more sense than renting?

Does owning a home make more sense than renting?

Does owning a home make more sense than renting one?
That might seem like a silly question, but there’s more than one right answer!
If you’ve been on the fence and weighing the pro’s and con’s of homeownership vs renting, you’ll want to download the free guide and see which option makes the most sense for you.

If you’re still undecided or want to get some more info, reach out to your local real estate professional for assistance.

The Cost of Renting vs Buying

rent vs buying

Some Highlights:
*Historically, the choice between renting or buying a home has been a tough decision.
*Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious.
*Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
*Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
*Contact a real estate professional to assist you.