Dear Renter
Finding a place to live can be a daunting task. So many things go through your head when you make this decision. The first is probably “Should I buy a house or keep renting?”

Good question. Before you take the big leap, you must first decide which option is best for you. While there are many things to consider before making your decision, your purchase power is the primary factor that should influence your decision.

For many people, owning a home makes more sense financially and from a lifestyle perspective than renting a home. Below are the top reasons people buy instead of rent.

  1. Building Home Equity
    Homeownership is a defacto savings account. You pay your lender every month, but eventually, the cash comes back to you in the form of equity as the market value of your home appreciates over time.
  2. Stable Payments
    With a fixed-rate mortgage, your monthly principal and interest payment is set for as long as you keep the loan. Sign a rental lease, however, and you could see your rent rise the following year or in perpetuity.
  3. Tax Benefits
    When you sell your primary residence, you can avoid capital gains tax on a profit of $250,000 (or $500,000 for married couples).
  4. Community Involvement
    Homeownership goes hand-in-hand with voting, school volunteering, and general civic roots. If you own a home, you may be more likely to put roots down and connect with the people in your community.
  5. Pride of Ownership
    Renting a place can feel temporary, but ownership often fosters a sense of pride.

Today, You are paying 100% interest when renting!

When Making the decision to rent or buy

Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home.

You have the right to control the process. Stay informed and take a look at other articles we have here to learn more about the process and what works best for you!

If you’re ready to own a home

If you decide that now is the right time to buy, we’ve got a lot of information on our blog to help you get started. and make sure to contact us today. We’ll work with you to see what you can afford and help you run the numbers regarding your particular rent versus buy scenario. Don’t believe the news about interest rates. There are creative ways that mortgage companies and us as your realtor can help You bring the rate down.