Deciding between buying or renting your next home? It’s true that home values have gone up quite a bit, but so have rents.
In fact, the largest landlord in the US, Invitation homes, said that rents have gone up 14% since last year.
And that’s not all – they forecast that rents will continue to go up about 6% annually
So, while it’s true that initially purchasing a home will be more expensive, your mortgage payment will remain relatively stable into the future. Whereas your rental payments will likely rise significantly in the years to come.
There are other amazing benefits that come with buying a home, including pride of ownership, more freedom in renovating and design, and of course building equity.
And because of increasing demand and tight supply, it looks as if home values will be well supported, and many are forecasting home prices to move higher.
I can give you a complete analysis with statistics for your specific zip code so you can make accurate comparisons and see which choice is best for you. Give me a call today to learn more.
